Inflation in Cyprus doubled in April: price growth accelerated to 3%

Inflation in Cyprus rose to 3% in April 2026, doubling from the March figure of 1.5%, according to preliminary data from Eurostat. The main reason for the acceleration in price growth is cited as the rise in energy prices amid ongoing geopolitical tensions.

A similar trend is observed in the eurozone as a whole: the annual inflation rate is estimated to reach 3%, compared to 2.6% a month earlier. This indicates increasing inflationary pressure in the countries of the currency bloc.

The energy sector made the largest contribution to price growth in April. Annual energy price growth sharply accelerated to 10.9% compared to 5.1% in March. This was a key factor in the overall increase in inflation.

In other categories, the dynamics were more moderate. Service prices rose by 3.0% (vs 3.2% in March), food, alcohol, and tobacco by 2.5% (vs 2.4%). Non-energy industrial goods also showed a slight increase to 0.8% from 0.5% a month earlier.

Experts note that the main pressure on prices is related to the energy market, which remains sensitive to external political and economic factors. At the same time, core inflation components demonstrate relatively stable dynamics.

The situation points to persistent inflationary risks for both Cyprus and the entire eurozone, especially in the face of instability in global energy markets.