Cyprus inflation rises to 3.5% in August as transport costs increase

Nicosia, Cyprus. Inflation in Cyprus accelerated to 3.5 per cent in August, up from 2.9 per cent in July, as higher fuel prices and air fares pushed transport costs higher, figures released by the statistical service Cystat showed on Thursday.

The Consumer Price Index increased by 0.93 points to 103.25 units in August from 102.32 in July, representing a monthly rise of 0.91 per cent and reversing the decline recorded a month earlier.

Transport costs drive increase

Transport prices rose by 11.36 per cent year on year and by 5.13 per cent compared with July.

Fuels and lubricants contributed 0.51 points to the monthly change in the index, while passenger air transport added a further 0.29 points.

Petroleum and agricultural goods

Petroleum products recorded the largest increase among the main economic categories, with prices rising by 20.31 per cent compared with August 2025 and by 6.88 per cent during the month.

Agricultural goods increased by 5.24 per cent annually and by 1.44 per cent from July.

Eight-month inflation

For the first eight months of 2026, consumer prices were 2.08 per cent higher than in the corresponding period of 2025.