🇨🇾Cyprus inflation rate
Cyprus adopted the euro in 2008. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 3.5% as of May 2026. That is 1.5 percentage points above the ECB's 2% target, and 0.3 points above the euro-area average of 3.2%.
The breakdown shows core (excluding energy and food) at 2.7%, energy at 13.1%, food at 2.8% and services at 5.6%. The strongest pressure is in energy (13.1%), while core (excluding energy and food) is the softest (2.7%).
Month on month the headline rose from 3.0% to 3.5%, extending the climb.
Harmonised inflation (HICP) · annual rate
3.5%
vs 2% target
+1.5pp
Cyprus's harmonised inflation is 3.5% as of May 2026 — abovethe European Central Bank's 2% target by 1.5 percentage points.
Core (excl. energy & food)
2.7%
▲ 0.7pp vs prev
Energy
13.1%
▲ 4.3pp vs prev
Food
2.8%
▼ 1.5pp vs prev
Services
5.6%
▲ 1.5pp vs prev
Source: Eurostat (HICP) · data through May 2026 · modifications: none
Compare with the rest of the bloc on the eurozone inflation ranking →