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Inflation Pushes Up Prices For Key Consumer Goods In Cyprus

In May, prices for several essential consumer goods increased as inflation continued to affect household budgets. According to the consumer protection service’s price observatory, which tracks the weighted average price of 250 basic products across 400 retail outlets nationwide, a number of categories recorded notable increases.

Sharp Rise In Key Food Categories

Cold cuts recorded one of the biggest monthly increases, rising by 6.4% from April and 9.2% compared with a year earlier. Prices for frozen breaded and pre-cooked fish rose by 6.3% month-on-month, although they remained 15.3% lower than a year ago. Frozen molluscs and shellfish also became more expensive, climbing 6.1% from April despite being 10.9% below last year’s levels.

Broad Impact Across Multiple Essential Items

Higher prices were also recorded across several other categories. Oil prices increased by 5.8% compared with April, while canned meat rose by 5.4% month-on-month and 7.3% year-on-year. Traditional Cypriot coffee was up 5.1% from the previous month and 5.8% from a year earlier. Baby food prices increased by 5.1% monthly and 10.9% compared with May 2025. Eggs, flour, laundry detergents, frozen pasta, soft drinks, toilet paper, and yoghurt also registered increases.

Selective Price Declines Offer Some Relief

Some categories, however, recorded lower prices. Fresh vegetables and greens fell by 24.3% compared with April, although prices remained 24.9% higher than a year earlier. Modest declines were also recorded for fresh fish, molluscs, and meat, while sugar prices remained largely unchanged despite a slight monthly decrease.

Retail Price Comparisons And Consumer Guidance

Figures from the government’s e-kalathi platform showed that the price gap between the most expensive and cheapest supermarkets narrowed slightly in June. A basket containing 253 common products cost €1,080.72 at Philippos and €972.10 at Sklavenitis, representing a difference of 11.2%.

The observatories are intended to provide information to consumers. Shoppers are encouraged to carry out their own comparisons before making purchases, taking into account quality, individual needs, and their available budget.

Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).

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