Cyprus inflation rate recorded at 1.5 percent in March 2026

In March 2026, the annual harmonised inflation rate in Cyprus reached 1.5 percent, according to data from Eurostat and the Cyprus Statistical Service. This figure matches the rate in Sweden and the Czech Republic, marking the second-lowest inflation in the European Union, while Denmark reported the lowest at 1.0 percent. In contrast, the Eurozone annual inflation rose to 2.6 percent and the European Union average reached 2.8 percent. The Cypriot Ministry of Finance attributed the controlled price growth to government measures implemented since 2025. Significant annual price increases in Cyprus were observed in food and non-alcoholic beverages (6.5 percent) and recreation (5.7 percent), while decreases were noted in housing, water, electricity, and gas (-4.0 percent) and clothing and footwear (-5.5 percent). Across the EU, inflation increased in 23 member states compared to February 2026. Romania recorded the highest inflation at 9.0 percent. The Ministry maintains that these policies help the domestic economy navigate geopolitical uncertainty and rising energy costs.