Cyprus inflation holds at 5.2% in September, above euro area average

Nicosia, Cyprus. Cyprus’ annual inflation rate remained at 5.2 per cent in September, according to a flash estimate by Eurostat, placing it among the member states with the highest rates. Euro area inflation accelerated to 3.8 per cent.

Annual rate unchanged as monthly prices fall

The September estimate for Cyprus was unchanged from August, while consumer prices were estimated to have fallen by 0.4 per cent month-on-month.

The annual rate was sharply higher than the 0.0 per cent recorded in September 2025. Inflation subsequently rose to 3.0 per cent in April 2026, 3.5 per cent in May, 4.1 per cent in June, 4.4 per cent in July and 5.2 per cent in August.

The latest figures continued the rapid rise in annual inflation seen since the start of the year, despite the estimated decline in consumer prices during September.

Cyprus among member states with highest rates

Cyprus’ September rate was well above the euro area average, but below the highest estimates among member states.

Lithuania recorded the highest estimated annual inflation rate at 6.1 per cent, followed by Bulgaria at 5.6 per cent. Cyprus and Luxembourg both stood at 5.2 per cent.

Greece recorded an estimated 5.1 per cent, Spain 5.0 per cent and Belgium 4.6 per cent. Croatia stood at 4.3 per cent, Italy at 4.1 per cent and Ireland at 3.8 per cent.

Lower inflation rates elsewhere

Malta recorded the lowest estimated annual inflation rate among the countries listed, at 2.4 per cent, followed by Finland at 2.6 per cent and Latvia at 2.9 per cent.

The Netherlands recorded 3.0 per cent, Germany 3.3 per cent, France 3.4 per cent, Austria 3.5 per cent and Portugal 3.6 per cent.