The Consumer Price Index (CPI) in May 2026 decreased by 0.06 points to 102.74 points, compared to 102.80 points in April 2026. Inflation in May 2026 increased at a rate of 2.6%. (Table 1)

The largest increases compared to May 2025 were recorded in the economic categories Petroleum Products (22,9%) and Agricultural Products (4,7%), while the largest decrease was observed in Electricity and Water (-3,7%). Compared to April 2026, the largest increase was recorded in the economic category Electricity and Water (5,5%), while the largest decrease was observed in Agricultural Products (-2,7%). (Table 2)

Analysis of Percentage Changes

Compared to May 2025, the largest changes were observed in Transport (9,5%), Clothing and Footwear (-8,2%), Recreation, Sports and Culture (4,6%), Housing, Water Supply, Electricity, Natural Gas and Other Fuels (4,2%) and Information and Communication (-4,2%). (Table 1)

Compared to April 2026, the largest changes were observed in Housing, Water, Electricity, Natural Gas and Other Fuels (1,8%) and Transport (-1,1%). (Table 1)

Unit Impact Analysis

The largest positive effect on the change of the CPI of May 2026, compared to May 2025, was had by the categories Restaurants and Accommodation Services (3,15), Recreation, Sports and Culture (2,85) and Alcoholic Beverages and Tobacco (1,87), while the largest negative effect on the change of the CPI of May 2026, compared to May 2025, was had by the categories Health (-2,62), Information and Communication (-1.73) and Clothing and Footwear (-1.37). (Table 3)

The largest impact on the change of CPI in May 2026, compared to April 2026, was had the categories Housing, water, electricity, Natural gas and other fuels (0,21), Transport (-0,18) and Food and non-alcoholic beverages (-0,11). (Table 3)

The largest positive impact on the change in the CPI of May 2026, compared to the index of May 2025, was had by Leisure Services (2.90), while the largest negative impact was had by Mobile Communication Services (-1.50). (Table 4)

Electricity (0,19) had the largest positive effect on the change in the CPI of May 2026, compared to the corresponding index of April 2026, while the largest negative effect was had by Vegetables (-0,60). (Table 5)

Table 1
Categories of Goods and Services	CPI (2025=100)		Changes (%)
	April 2026	May 2026	May 26/ May 25	May 26/ Apr 26	Jan-May 26 / Jan-May 25
Food Non-Alcoholic Beverages	104,62	104,00	2,86	-0,59	3,82
Alcoholic Beverages and Tobacco	100,46	100,92	1,21	0,46	0,91
Clothing Footwear	98,76	98,00	-8,22	-0,77	-6,62
Housing, Water, Electricity, Natural Gas and Other Fuels	101,64	103,42	4,22	1,75	0,55
Furnishing and Decoration, Home Furnishings and Routine Residential Maintenance	99,86	99,56	-1,10	-0,30	-0,10
Health	100,93	101,01	1,12	0,08	0,85
Transport	108,87	107,63	9,50	-1,14	2,24
Information and Communication	97,42	96,88	-4,21	-0,55	-2,36
Recreation, Sports and Culture	102,74	103,28	4,59	0,53	3,45
Educational Services	102,58	102,58	3,71	0,00	3,71
Restaurants and Accommodation Services	102,60	103,04	3,52	0,43	3,91
Insurance and Financial Services	100,05	100,05	0,03	0,00	0,08
Personal Care, Social Protection and Miscellaneous Goods and Services	100,60	100,63	0,68	0,03	1,31
General Index of Consumer Prices	102,80	102,74	2,55	-0,06	1,42

Coefficients

Table 2
Financial Categories	Weighting	Changes (%)
		May 26 / May 25	May 26 / Apr 26
Agricultural Products	648	4,72	-2,72
Industrial Products (excluding Petroleum Products)	4111	-1,34	0,05
Electricity and Water	393-3.67		5.46
Petroleum products	708	22,94	0,48
Services	4140	3,12	-0,27
General Index	10000	2,55	-0,06

Services

Table 3
Categories of Goods and Services	Weights 2025	Weights 2026	Incidence (units)
			May 26 / May 25	May 26 / Apr 26
Food and Non-Alcoholic Beverages	1906	1762	-0,95	-0,11
Alcoholic Beverages and Tobacco	347	528	1,87	0,02
Clothing and Footwear	721	646	-1,37	-0,05
Housing, Water, Electricity, Natural Gas and Other Fuels	1122	1187	1,14	0,21
Furnishing and Decoration, Home Furnishings and Routine Residential Maintenance	641	619	-0,29	-0,02
Health	637	371	-2,62	0,00
Transport	1538	1481	0,82	-0,18
Information and Communication	569	415	-1,73	-0,02
Recreation, Sports and Culture	437	694	2,85	0,04
Educational Services	392	376	-0,02	0,00
Restaurants and Accommodation	836	1113	3,15	0,05
Insurance and Financial Services	326	236	-0,90	0,00
Personal Care, Social Protection and Miscellaneous Goods and Services	528	572	0,48	0,00
General Consumer Price Index	10000	10000	2,55	-0,06
Note: Totals are calculated based on individual effects with infinite decimals and are published by rounding two decimals. Possible differences in sums are due to rounding errors, as well as a base year change.

Services

Services

Services

Table 4
Products/Services	Impact (units)
	May 26 / May 25
Positive Impact
Leisure	2,90
Catering	2,76
Rents	1,52
Negative Impact
Mobile Communication	-1,50
Insurance	-1,13
Medicines and Health Products	-1,00
Miscellaneous Other Products and Services	-1,00
GRAND TOTAL	2,55

Table 5
Products/Services	Impact (units)
	May 26 / Apr 26
Positive Impact
Electricity	0,19
Fruits	0,09
Fuels and Lubricants	0,07
Miscellaneous Other Products and Services	0,47
Negative Impact
Vegetables	-0,60
Air Passenger Transportation	-0,24
LPG	-0,04
GRAND TOTAL	-0,06

Methodological Information

Definitions

The CPI is an economic indicator compiled to measure the changes over time in the prices of consumer goods and services acquired, used or paid for by households (they reside in Cyprus or intend to reside in Cyprus for at least one year). The CPI is the official indicator for calculating inflation.

Inflation shows the change in the CPI compared to the corresponding month of the previous year.

The Impact represents the amount of the total change in the CPI, which is due to the mentioned category/good/service.

Pricing

Pricing is carried out only in the urban areas of the Districts of Nicosia, Larnaca, Limassol and Paphos. For each city, the price fluctuations per product and service for each month are weighted according to the population. Specifically, the weighting factors for the four districts are as follows: Nicosia 40%, Limassol 30%, Larnaca 18% and Paphos 12%.

The prices of the 850 products and services included in the CPI are monitored and recorded once a month, except for some seasonal products (e.g. vegetables and fruits), meat and fuel, whose prices are collected every week (every Thursday).

Base Year

From January 2026 onwards, 2025=100 is adopted as the reference year. The base year from January 2016 to December 2025 was 2015=100.

Classification

Until December 2025, the CPI was calculated and published on the basis of the ECOICOP classification. From January 2026 onwards, the CPI is calculated and published based on the ECOICOP classification ver.2. The lowest level of detail for the ECOICOP ver.2 classification used in the CPI is the five digits of resolution.

Products/Services and Weights

Effective January 2026, both the products and services contained in the CPI and their weights have been revised. The review was based on the results of the 2023 Household Budget Survey.

For more information, interested parties can visit the Statistical Service Portal, under Price Indices, CYSTAT-DB (Database), CPI Revision January 2026 or contact Mr. Sofronis Vikis by phone at 22602206 or by e-mail at svikis@cystat.mof.gov.cy or Mr. Kyriakos Voutouris by phone at 22605132 or by e-mail at the email address kvoutouris@cystat.mof.gov.cy or with Mr. Filippos Kakoutsis by phone at 22605149 or by e-mail at fkakoutsis@cystat.mof.gov.cy.