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Cyprus Inflation Climbs To 5.2% In August, Among The Highest In The Euro Area

by THEFUTURE.TEAM

September 17, 2026

Cyprus emerged in August as one of the EU’s highest-inflation economies, with annual consumer prices rising 5.2%, according to Eurostat. Only Romania and Lithuania recorded higher rates.

Inflation Accelerates Sharply

The August reading marked a significant increase from 0.0% a year earlier. Annual inflation rose from 1.5% in March to 3.0% in April, 3.5% in May, 4.1% in June, 4.4% in July and 5.2% in August.

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Prices also increased 1.5% month on month in August, compared with 0.4% in both the euro area and the EU.

Cyprus Outpaces Euro Area And Greece

Euro area inflation rose to 3.2% in August from 2.9% in July, while EU inflation reached 3.2%, up from 3.0%. Cyprus’ annual rate was therefore 2 percentage points above both regional averages.

Greece also recorded faster inflation, with its annual rate rising to 3.7% from 2.7% in July. Monthly inflation in Greece was 0.4%, matching the euro area and EU rates.

Romania had the EU’s highest annual inflation at 6.3%, followed by Lithuania at 5.6%. Sweden recorded the lowest rate at 0.3%, followed by Estonia at 1.3% and the Czech Republic at 1.5%.

Services And Energy Drive Price Growth

Services were the largest contributor to euro area inflation in August, adding 1.43 percentage points to the annual rate. Energy contributed 1.29 percentage points, followed by non-energy industrial goods at 0.30 percentage points and food, alcohol and tobacco at 0.22 percentage points.

For Cyprus, the latest data show a sharp widening in the gap with broader European inflation. The island’s monthly increase of 1.5% was also 1.1 percentage points above the euro area and EU rates.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.