Nicosia, Cyprus. Eurostat estimated Cyprus annual inflation at 1.5% in March 2026, up from the previous month. A PwC Cyprus CEO Survey found skills shortages were the leading concern among business leaders in Cyprus.
Inflation estimates for Cyprus and the euro area
Eurostat said annual inflation in Cyprus was estimated to have risen to 1.5% in March 2026, compared with 0.9% in February 2026.
The statistical office also said euro area annual inflation is expected to reach 2.5% in March, up from 1.9% in February.
Eurostat reported that the monthly inflation rate in Cyprus stood at 1% in March 2026. Compared with a year earlier, inflation in Cyprus was lower than the 2.1% recorded in March 2025.
PwC survey highlights skills shortages
The 15th Annual PwC Cyprus CEO Survey found skills shortages have overtaken cyber risks and economic volatility as the primary concern for business leaders in Cyprus.
The survey gathered responses from 77 business leaders in Cyprus and reflected CEO sentiment prior to the outbreak of the war in Iran.
Among Cyprus-based CEOs, 43% of respondents identified the availability of key skills as a major risk over the coming year.
Hourly labour costs
Eurostat also reported that Cyprus recorded average hourly labour costs of €21.7 during the 2025 financial year.
Which of these developments do you expect will have the biggest impact on Cyprus in the coming year?