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Cyprus Industrial Output Prices Fall 0.2% In April

by THEFUTURE.TEAM

June 1, 2026

Industrial output prices in Cyprus declined 0.2% year-on-year in April 2026, according to data released by Cystat, while remaining broadly unchanged during the first four months of the year. The Industrial Output Price Index stood at 121.7 points in April, increasing 0.3% from March, while cumulative prices for the January-April period matched levels recorded during the same period of 2025.

Core Performance Overview

Despite monthly fluctuations, overall industrial output prices remained broadly stable during the first four months of the year. The latest figures indicate that sector-specific developments continued to offset one another, limiting broader changes in industrial pricing.

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Sectoral Trends And Monthly Shifts

Between March and April, prices increased across all major industrial sectors. Water supply and materials recovery recorded the largest monthly increase at 1.9%, followed by electricity supply at 0.6% and manufacturing at 0.2%. Mining and quarrying prices rose by 0.1%. On an annual basis, water supply and materials recovery prices increased by 6.3%, while mining and quarrying rose by 1.6%. Manufacturing prices were up 1% compared with April 2025. A 6.8% decline in electricity supply prices was the primary factor behind the overall annual decrease in the index.

Detailed Manufacturing Breakdown

Within manufacturing, the highest annual increase was recorded in furniture production, other manufacturing activities and the repair and installation of machinery and equipment, which rose by 5.7%. Electronic and optical products, together with electrical equipment, recorded growth of 4.9%, while wood and cork products, excluding furniture, increased by 2.7%. Machinery and equipment manufacturing rose by 1.5%, while motor vehicles and transport equipment recorded a 1.1% increase. Paper products and printing declined by 0.2% on an annual basis, while prices in the food, beverages and tobacco sector remained stable.

Domestic Versus Export Market Insights

The domestic market index reached 123.1 points in April, up 0.3% from March but down 0.7% compared with the same month last year. Export prices increased by 0.6% month-on-month to 114.6 points and recorded annual growth of 2.9%. During the first four months of 2026, the domestic market index declined by 0.3%, while the export market index increased by 1.7%.

Methodological Basis And Future Projections

Based on 2021 as the reference year with an average value of 100 points, the Industrial Output Price Index measures price developments across both domestic and export markets. Cystat noted that figures for the electricity supply, water supply and materials recovery sectors for March and April 2026 remain preliminary and may be revised as additional data becomes available.

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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.

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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%).