euroflation.

🇨🇾Cyprus inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Cyprus adopted the euro in 2008. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 5.2% as of September 2026. That is 3.2 percentage points above the ECB's 2% target, and 1.4 points above the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 3.9%, energy at 21.0%, food at 3.4% and services at 7.1%. The strongest pressure is in energy (21.0%), while food is the softest (3.4%).

Month on month the headline held from 5.2% to 5.2%, unchanged on the month.

As a more recent euro adopter still converging toward western-European income levels, Cyprus has tended to run inflation above the euro-area average — a structural pattern (faster catch-up growth lifting wages and services prices) seen across the bloc's central, eastern and Baltic members rather than a quirk of one month.

Cyprus ranks number 5 of 30 European economies by annual inflation, from highest to lowest, between Bulgaria and Luxembourg.

Harmonised inflation (HICP) · annual rate
5.2%
vs 2% target
+3.2 pp

Harmonised inflation (HICP) is 5.2% as of September 2026 — that is 3.2 percentage points above the ECB's 2% target.

core (excluding energy and food)
3.9%
▼ 0.6 pp vs prev
energy
21.0%
▲ 5.5 pp vs prev
food
3.4%
▲ 0.2 pp vs prev
services
7.1%
▼ 0.3 pp vs prev
Cyprus — annual HICP inflation rate, last 10 years
Source: Eurostat (HICP) · data through September 2026 · modifications: none

Compare with the rest of Europe on the European inflation ranking →

Frequently asked questions

What is Cyprus's current inflation rate?
Cyprus's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 5.2% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Cyprus's inflation above or below the ECB's 2% target?
At 5.2%, it is 3.2 percentage points above the European Central Bank's 2% target.
How does Cyprus's inflation compare with the rest of Europe?
Cyprus ranks number 5 of 30 European economies by inflation, 1.4 points above the eurozone average of 3.8%.
Did Cyprus's inflation rise or fall last month?
Month on month, the headline rate held from 5.2% to 5.2% in September 2026.

Cyprus — more indicators