Cyprus: Inflation rises in January from the prior month
Latest reading: Harmonized consumer prices were up 1.2% in annual terms in January, following a 0.1% increase in the prior month. January’s reading was the strongest since April 2025.
Relative to the prior month’s data, there were higher price pressures for food and non-alcoholic beverages (+3.2% in annual terms vs -2.1% in December), transportation (-0.5% vs -1.5% in December), housing and utilities (-2.5% vs -3.2% in December) and restaurants and hotels (+4.8% vs +4.4% in December). In contrast, price pressures reduced for recreation in January (+5.8% vs +6.7% in December).
Meanwhile, consumer prices rose 0.5% in January, following a 0.5% decline in the previous month.
Finally, harmonized consumer prices fell 0.32% in January in month-on-month terms, following a 0.38% decline in the prior month.