Inflation increased by 1.2% in March, marking a notable rise compared to the first two months of the year, as the first signs of economic pressure from the US-Israeli war against Iran began to emerge in Cyprus.
According to the statistical service, the Consumer Price Index (CPI) rose by 1,21 points in March 2026, reaching 101,07 points compared to 99,86 points in February.
On an annual basis, the most significant increase was recorded in agricultural products, which surged by 13,3% compared to March 2025. In contrast, the largest decrease was observed in electricity and water, which dropped by 12,9%.
On a monthly basis, the sharpest increase was seen in petroleum products, which rose by 9,1% compared to February 2026.
The March figure represents a clear uptick in inflationary pressures, following a modest annual increase of 0,51% in January and just 0,06% in February.
(Source: CNA)
