Cyprus airfares rose about 5% in August as EU flight prices fell

Nicosia, Cyprus. Passenger air transport prices in Cyprus were around 5 per cent higher in August 2026 than a year earlier, according to Eurostat. Across the EU, flight prices fell by 0.4 per cent.

Airfare changes across the EU

Cyprus moved against the EU trend, though its increase was well below the largest rises. Greece recorded the sharpest increase in airfares, at 16.3 per cent, followed by Ireland at 14.4 per cent.

Flight prices fell in 10 EU countries. Slovakia recorded the largest decline, at 61.2 per cent. Among the other countries where fares fell, decreases ranged from 15.8 per cent in Spain to 0.9 per cent in Lithuania.

Package holiday prices

Package holidays across the EU became 3.2 per cent more expensive year on year, matching the bloc’s overall inflation rate. Prices rose in most member states, led by Belgium at 16.2 per cent, Portugal at 14.3 per cent, Sweden at 12.8 per cent, Lithuania at 12.3 per cent and Romania at 11.9 per cent.

Package prices fell in only four member states: Estonia, by 21.1 per cent; Spain, by 5.2 per cent; Italy, by 4.8 per cent; and Ireland, by 0.4 per cent.

Inflation across member states

Cyprus’s harmonised inflation rate was 5.2 per cent in August, the third highest in the EU. Romania had the highest rate, at 6.3 per cent, followed by Lithuania at 5.6 per cent. Bulgaria recorded 5 per cent and Spain 4.6 per cent.

Belgium’s rate was 4.2 per cent and Luxembourg’s was 4 per cent. Greece and Croatia each recorded 3.7 per cent, followed by Portugal at 3.6 per cent, Poland at 3.5 per cent, and Ireland and Slovenia at 3.4 per cent.

Italy matched the EU average of 3.2 per cent. Slovakia recorded 3.1 per cent and Latvia 3 per cent. Germany and Austria were both at 2.9 per cent, followed by the Netherlands at 2.8 per cent, France at 2.6 per cent and Finland at 2.4 per cent.