Cyprus industrial producer prices rise 2.3% in July

Nicosia, Cyprus. Industrial producer prices in Cyprus rose by 2.3 per cent in July 2026 from the previous month, placing the country among EU member states with the strongest monthly increases, according to Eurostat’s first estimates.

Cyprus among largest monthly increases

Cyprus recorded the fourth-highest monthly increase in July, behind Ireland, where prices rose by 4.3 per cent, and Spain and Italy, where prices increased by 3 per cent each.

The largest monthly declines were reported in Estonia, at 3.3 per cent, Finland, at 1.6 per cent, and Sweden, at 1.1 per cent.

EU and euro area trends

Industrial producer prices rose by 1.6 per cent month on month in the euro area in July, while prices across the EU increased by 1.4 per cent.

This followed a 0.3 per cent decline in euro area industrial producer prices in June and a 0.2 per cent fall across the EU during the same month.

Energy prices drive increase

The July increase was driven primarily by energy prices, which rose by 5.6 per cent in the euro area and 4.7 per cent across the EU.

In the euro area, capital goods prices increased by 0.3 per cent, while intermediate goods and durable consumer goods prices were unchanged. Non-durable consumer goods prices fell by 0.1 per cent.

Excluding energy, industrial producer prices in the euro area remained unchanged.

Across the EU, prices for intermediate goods rose by 0.1 per cent, capital goods by 0.3 per cent and durable consumer goods by 0.2 per cent.