Home Cyprus Cyprus: Inflation at 0.5% in January

Cyprus: Inflation at 0.5% in January

LEFKOSIA – 

Inflation in January 2026 increased at a rate of 0.5%, according to the data released by the Statistical Service on February 5. 

Consumer Price Index in January 2026 decreased by 0,30 points, reaching 99,98 units compared to 100,28 units in December 2025. Inflation in January 2026 increased at a rate of 0,5%. 

The largest positive change among the economic categories compared with January 2025 was recorded in Agricultural Products (8,2%), while the largest negative changes were observed in Electricity and Water (-6,5%) and Petroleum Products (-6,1%). Compared with December 2025, the biggest change was again in Agricultural Products (7,9%). 

Analysis of Percentage Changes 

Compared with January 2025, the largest changes were observed in the categories Clothing and Footwear (-7,0%), Restaurants and Accommodation Services (4,8%), Educational Services (3,7%), and Recreation, Sports and Culture (3,2%). 

Compared with December 2025, the largest changes were recorded in Clothing and Footwear (-12,1%) and Food and Non‑Alcoholic Beverages (3,5%). 

Analysis of Effects in Units

The largest positive contribution to the change in the CPI in January 2026 compared with January 2025 came from the categories Food and Non‑Alcoholic Beverages (0,53), Restaurants and Accommodation Services (0,52), and Recreation, Sports and Culture (0,22), while the largest negative contribution came from Clothing and Footwear (-0,44) and Transport (-0,36). 

The categories Clothing and Footwear (-0,80) and Food and Non‑Alcoholic Beverages (0,62) had the greatest impact on the change in the CPI in January 2026 compared with December 2025. 

Catering Services (0,49) had the largest positive contribution to the change in the CPI in January 2026 compared with January 2025, while Petroleum Products (-0,45) had the largest negative contribution. 

Fresh Vegetables (0,50) had the largest positive contribution to the change in the CPI in January 2026 compared with December 2025, while Clothing Items (-0,58) had the largest negative contribution. 

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