Cyprus inflation rises to 3.7% in September as fuel and housing costs climb

Nicosia, Cyprus. Inflation in Cyprus accelerated to 3.7 per cent in September from 3.5 per cent in August, according to the Cyprus Statistical Service (Cystat). Sharply higher fuel, electricity and housing costs continued to put pressure on household budgets.

Consumer prices increase

The Consumer Price Index (CPI) rose by 0.74 per cent month-on-month to 104.01 units in September, from 103.25 in August. Prices were 3.7 per cent higher than a year earlier.

For the first nine months of 2026, the CPI increased by 2.3 per cent compared with the same period in 2025.

Petroleum products and electricity and water had also recorded the main annual increases in August.

Fuel and housing drive annual increases

Petroleum product prices rose by 25.8 per cent year-on-year in September, while electricity and water increased by 11.2 per cent. Industrial goods were the main category to record an annual decline, falling by 1.1 per cent.

Among individual household spending groups, transport costs increased by 11.9 per cent compared with September 2025. Housing, water, electricity, natural gas and other fuels rose by 9.6 per cent.

Clothing and footwear prices fell by 10.8 per cent year-on-year.

Compared with August, the largest monthly increase was in housing, water, electricity, natural gas and other fuels, which rose by 3 per cent.

Government support measures

The figures come as the government implements a new €70 million package intended to ease the cost of living. The package brings the total value of new and existing support measures to about €160 million.