The Statistical Service of Cyprus reported a 4.1% annual jump in the Harmonised Index of Consumer Prices for June 2026. Skyrocketing energy costs alongside increased spending on recreation and dining out drove the localized inflationary pressure.

Key Inflation Indicators

The Harmonised Index of Consumer Prices rose by 4.1% in June 2026 compared to June 2025 and increased by 0.9% between May and June 2026, according to the Statistical Service of Cyprus.

Annual Sectoral Shifts

Compared with June 2025, the categories Recreation, Sports and Culture (9.7%) and Restaurants and Accommodation Services (8.9%), showed the largest positive changes. The largest negative changes were observed in the categories Clothing and Footwear (-8.0%) and Information and Communication (-2.9%).

Monthly Trends and Energy Impact

Meanwhile, compared with May 2026, the largest changes were recorded in the categories Restaurants and Accommodation Services (3.4%), Recreation, Sports and Culture (1.9%) and Housing, Water, Electricity, Natural Gas and Other Fuels (1.6%). The largest change among the economic categories, compared with June 2025, was observed in the category Energy (13.0%), while compared with May 2026, was observed in the category Services (1.8%).

Source: CNA(ΚΥΠΕ)