Prices for food products in Cyprus have risen by 17.7% over four years, despite a slowdown in inflation.

From July 2021 to July 2025, the cost of food products in Cyprus increased on average by 17.7%, significantly exceeding the overall rise in the Consumer Price Index (CPI) of 13.8%. These figures were published by the Statistical Service.

The sharpest increases were recorded for potatoes — up 73.5%, olive oil — up 44.2%, as well as meat. Prices for beef and veal rose by 52%, lamb and goat meat by 52.9%, pork by 31.2%, and poultry by 12.8%. Among staple foods, bread increased by 22.6%, rice by 28.2%, and flour-based and confectionery products by 21%.

Dairy products and eggs also rose significantly in price. Whole milk went up by 14.3%, skimmed milk by 56.5%, condensed milk by 32.5%, yogurt by 7.1%, cheese by 15.5%, and eggs by 41.3%.

At the same time, in July of the current year, the CPI recorded deflation for the first time since March 2021 — a decrease of 1%. Economists note that despite the slowdown in inflation, food prices remain high due to the sharp spike in previous years, including after the start of the war in Ukraine. Price decreases in this category are happening slowly and unevenly.