Inflation in Cyprus is estimated to have accelerated to 4% in June 2026, up from 3.5% in May, according to Eurostat’s flash estimate, highlighting growing price pressures even as inflation eased across the euro area.

Inflation Continues To Accelerate

Consumer prices in Cyprus are estimated to have risen 0.8% month on month in June, extending the upward trend that has gathered pace since the start of the year.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Annual inflation stood at 1.2% in January before easing slightly to 0.9% in February. It then accelerated to 1.5% in March, 3% in April, 3.5% in May and 4% in June. By comparison, inflation was just 0.5% in June 2025, illustrating how sharply price growth has increased over the past 12 months.

Cyprus Diverges From The Euro Area

The latest estimate contrasts with the broader euro area, where annual inflation is expected to have eased to 2.8% in June from 3.2% in May.

Although headline inflation moderated across the bloc, energy remained the main driver of price growth, rising an estimated 8.7% year on year despite slowing from 10.8% in May. Services followed with annual inflation of 3.2%, while food, alcohol and tobacco increased 1.6%. Non-energy industrial goods recorded the smallest increase at 0.9%.

The figures suggest Cyprus is moving in the opposite direction to the wider euro area, with domestic inflation continuing to accelerate while broader price pressures begin to moderate across the currency bloc.