Cyprus inflation rose to 2.8% in April 2026

According to the Statistical Service of Cyprus, the inflation rate reached 2.8% in April 2026, compared to 1.2% in March. The Consumer Price Index (CPI) rose by 1.73 units to reach 102.80 points, up from 101.07 points in March 2026. This increase was primarily driven by a significant 18.3% annual rise in fuel prices and a 9.6% increase in agricultural products. Conversely, electricity and water costs decreased by 7.9% compared to April 2025. On a monthly basis, fuel prices saw the sharpest rise at 12.6%. Other notable annual changes included an 8.2% increase in transport, 4.8% in food and non-alcoholic beverages, and a 5.3% decrease in clothing and footwear. Restaurants and accommodation services, along with recreation and culture, had the largest positive impact on the CPI shift.