Inflation in Cyprus rose to 4.4% in October 2026, with the Consumer Price Index increasing by 1.12% compared with September, according to data released by CySTAT.
For the period January to October 2026, inflation stood at 2.5% compared with the corresponding period last year.
The largest annual increases among economic categories were recorded in petroleum products, which rose by 30.6%, and electricity and water, up by 13.6%. In contrast, industrial products, excluding petroleum products, recorded a decrease of 1%.
At the level of goods and services categories, the largest increases compared with October 2025 were recorded in transport, at 13.7%, and housing, water supply, electricity, gas and other fuels, at 10.8%. Clothing and footwear recorded a decrease of 9.3%.
Compared with September 2026, the largest increases were recorded in clothing and footwear, at 5.4%, housing, water supply, electricity, gas and other fuels, at 1.8%, food and non-alcoholic beverages, at 1.5%, and transport, at 1.4%.
Regarding the contribution of individual categories to the annual change in the Consumer Price Index, the largest positive impacts came from restaurants and accommodation services, contributing 3.23 points, recreation, sport and culture, with 2.85 points, and housing, water supply and energy, with 1.93 points. In contrast, health had a negative impact of 2.61 points, information and communication technologies of 1.56 points, and clothing and footwear of 1.37 points.
At the level of individual products and services, recreation services had the largest positive impact on inflation, at 2.97 points, followed by catering services, at 2.83 points, and rents, at 1.56 points. Mobile communication services had the largest negative impact, at 1.53 points.
On a monthly basis, vegetables had the largest positive impact on the change in the Consumer Price Index, at 0.31 points, followed by clothing items, at 0.28 points, and fuels and lubricants, at 0.26 points. By contrast, passenger air transport, fruit and nuts, and poultry meat had a negative impact.
(Source: CNA)
