Cyprus ranks fifth among European Union Member States with the lowest annual inflation rate, which stood at 1.2% in January 2026, according to data published by Eurostat, the statistical office of the European Union.
The rate marks a decrease compared with January 2025, when it had reached 2.9%.
In the euro area, annual inflation stood at 1.7% in January 2026, compared with 2.0% in December 2025 and 2.5% in January 2025. Across the European Union as a whole, annual inflation reached 2.0% in January 2026, down from 2.3% in December, while a year earlier it had been recorded at 2.8%.
According to the data, the lowest annual inflation rates among Member States were registered in France (0.4%), Denmark (0.6%), as well as Finland and Italy (both 1.0%). The highest rates were recorded in Romania (8.5%), Slovakia (4.3%) and Estonia (3.8%).
According to Eurostat, compared with December 2025, annual inflation decreased in 23 Member States, remained unchanged in one and increased in three.
Regarding the components of inflation in the euro area in January 2026, Eurostat notes that the largest contribution came from services (+1.45 percentage points), followed by food, alcohol and tobacco (+0.51 percentage points), non-energy industrial goods (+0.09 percentage points), while energy made a negative contribution (-0.39 percentage points).
(Source: CNA)
