Cyprus Retail Turnover Rises 10.4 Per Cent in Value in September, Cystat Reports

Nicosia, Cyprus. Retail trade turnover in Cyprus climbed by 10.4 per cent in value and by 7.7 per cent in volume in September 2026, against the same month a year earlier, the Cyprus Statistical Service (Cystat) announced on Monday.

Value and volume indices

The Turnover Value Index of Retail Trade, which tracks sales at current prices, showed an annual rise of 10.4 per cent for September. The Turnover Volume Index, which accounts for price changes, was up 7.7 per cent compared with September 2025.

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The data relate to retail trade excluding motor vehicles and offer a picture of how consumer spending is developing in the sector. The gap between the two indices shows how price changes affected retail turnover.

How the indices are calculated

According to Cystat, both indices take 2021 as the base year, so monthly turnover is compared with the average monthly turnover of that year. The average index value over the 12 months of 2021 is fixed at 100 units. A reading of 105.3, for instance, would mean turnover in that month was 5.3 per cent above the 2021 monthly average.

The value index is calculated at current prices, whereas the volume index is calculated at constant prices. The volume index is obtained by adjusting the value index with the Consumer Price Index (CPI) as a deflator, which separates changes in the quantity of sales from the effect of price movements.

Overall picture

The September results therefore show that retail sales grew both in monetary terms and in the volume of goods sold, compared with the corresponding month of the previous year.