Philenews

Cyprus Inflation Slows Down in January 2026 – Price Movements

Published February 25, 2026, 12:14
Cyprus Inflation Slows Down in January 2026 – Price Movements

According to data from the Statistical Service of Cyprus, the Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 1.2% in January 2026 compared to January 2025. The largest increases were recorded in the categories of Recreation, Sports and Culture, Restaurants and Accommodation Services, and Educational Services, while the largest decrease was observed in Clothing and Footwear. On a monthly basis, the HICP decreased by 0.3%, with an increase in Food and Non-Alcoholic Beverages and a decrease in Clothing and Footwear. By economic category, Services showed the largest increase, while Energy showed the largest decrease. According to Eurostat, Cyprus ranks fifth among EU member states with the lowest annual inflation rate (1.2% in January 2026), showing a decrease compared to January 2025 (2.9%). At the European level, inflation in the Eurozone was 1.7% year-on-year, while the core index reached 2.2%. The largest contribution to Eurozone inflation came from Services, followed by Food, Alcohol and Tobacco, while Energy had a negative contribution.