Cyprus annual inflation rises to 5.2% in August, Eurostat estimates

Nicosia, Cyprus. Cyprus’ annual inflation rate accelerated to an estimated 5.2 per cent in August 2026, up from 4.4 per cent in July, according to Eurostat’s flash estimate released on Tuesday. The increase marked the fourth consecutive month of rising annual inflation.

Inflation trend in Cyprus

The estimate, based on the Harmonised Index of Consumer Prices, placed Cyprus among euro area countries recording a significant acceleration in price growth.

Annual inflation in Cyprus rose from 3.5 per cent in May to 4.1 per cent in June, 4.4 per cent in July and an estimated 5.2 per cent in August.

The August rate was also higher than the 0.0 per cent recorded in August 2025, representing an increase of 5.2 percentage points over the year.

Prices in Cyprus were estimated to have increased by 1.5 per cent between July and August under Eurostat’s monthly HICP measure.

The latest estimate followed annual inflation rates of 1.5 per cent in March and 3.0 per cent in April.

Euro area inflation

Across the euro area, annual inflation was estimated to have risen to 3.3 per cent in August from 2.9 per cent in July, according to Eurostat, the statistical office of the European Union.

Energy was the main driver of the euro area-wide increase, with annual inflation estimated at 14.3 per cent in August, compared with 10.3 per cent in July.

Services remained the second-largest contributor, although their annual inflation rate eased to 3.0 per cent from 3.3 per cent in July.