Inflation Rate (CPI): Cyprus

Analysis# Cyprus Inflation Rate (CPI) Cyprus's inflation rate stands at 1.3% in 2026, representing a dramatic decline from its 1980 peak of 13.5%. The country has recorded a total decrease of 90.4% over the past 46 years, with the lowest point reaching -1.5% in 2015. Current levels reflect a stabilization following the eurozone's post-pandemic adjustments. The most significant turning point occurred in 2022, when inflation spiked to 8.1%—the highest level since the early 1980s—driven by global energy and supply chain pressures. From that peak, Cyprus has experienced consistent moderation, declining to 3.9% in 2023 and continuing downward through 2026. The recent trajectory suggests inflation has returned to sustainable levels, with the projected 1.3% rate indicating price stability aligned with long-term economic management.