Inflation in July 2026 stood at 2.9%, the Statistical Service of Cyprus said Thursday.
According to a press release, the Consumer Price Index in July 2026 decreased by 0.68 points, reaching 102.32 units compared with 103.00 in June 2026. Inflation in July 2026 stood at 2.9%.
It says that the largest increases compared to July 2025 were recorded in the economic categories, Petroleum Products (12.2%) and Agricultural Goods (8.2%), while the largest decrease was observed in Industrial Goods (-0.5%).
Compared to June 2026, the largest increase was recorded in the economic category Electricity and Water (5.3%), while the largest decrease was observed in Petroleum Products (-5.7%).
Compared with July 2025, the largest changes were observed in the categories Housing, Water, Electricity, Natural Gas and Other Fuels (7.2%), Transport (6.0%), Clothing and Footwear (-5.9%) and Food and Non-Alcoholic Beverages (4.9%).
In relation to June 2026, the largest changes were recorded in the categories Clothing and Footwear (-10.7%) and Housing, Water, Electricity, Natural Gas and Other Fuels (1.2%).
The largest positive contribution to the change in the CPI of July 2026 compared with July 2025 was recorded in the categories Restaurants and Accommodation Services (3.14), Recreation, Sports and Culture (2.82) and Alcoholic Beverages and Tobacco (1.86), while the largest negative contribution to the CPI change of July 2026 compared with July 2025 was observed in the categories Health (-2.62), Information and Communication (-1.69) and Clothing and Footwear (-1.05).
The largest impact on the monthly change in the CPI in July 2026 compared with June 2026 was recorded in the categories Clothing and Footwear (-0.68), Housing, Water, Electricity, Natural Gas and Other Fuels (0.15) and Food and Non-Alcoholic Beverages (-0.09).
It adds that the largest positive contribution to the change in the CPI of July 2026 compared with July 2025 was attributed to Recreation Services (2.93), while the largest negative contribution was attributed to Mobile Communication Services (-1.53).
Finally, Passenger Transport by Air (0.41) had the largest positive impact on the change in the CPI of July 2026 compared with the corresponding index for June 2026, while Clothing (-0.56) had the largest negative impact.
