06.08.202609:48:43UTC+00Cyprus Inflation Rate Eases Slightly in July

The annual inflation rate in Cyprus eased to 2.93% in July 2026, down from 3.06% in June. Price growth slowed for food and non-alcoholic beverages (4.94% vs 5.06% in June), transport (5.96% vs 8.26%), recreation, sports and culture (3.56% vs 5.25%), education (3.52% vs 3.71%), health (1.11% vs 1.13%), restaurants and accommodation services (3.08% vs 3.24%), and personal care, social protection, and miscellaneous goods and services (0.32% vs 0.65%).

Furnishings and home decoration, household equipment, and routine home maintenance remained in deflation, at -0.98%. In contrast, price growth accelerated in housing and utilities (7.21% vs 5.60%) and in alcoholic beverages and tobacco (0.98% vs 0.95%). Deflation also became less pronounced in clothing and footwear (-5.86% vs -7.65%) and in information and communication (-3.26% vs -3.99%).

On a monthly basis, consumer prices declined by 0.66%, reversing the 0.25% increase recorded in the previous month.