Inflation 0.5%
The Consumer Price Index (CPI) in January 2026 decreased by 0.30 points to reach 99.98 points compared to 100.28 points in December 2025. Inflation in January 2026 increased at a rate of 0.5%. (Table 1)
The largest positive change in economic categories compared to January 2025 was recorded in Agricultural Products (8,2%), while the largest negative changes were observed in Electricity and Water (-6,5%) and Petroleum Products (-6,1%). Compared to December 2025, the largest change was recorded in Agricultural Products (7,9%). (Table 2)
Analysis of Percentage Changes
Compared to January 2025, the largest changes were observed in Clothing and Footwear (-7,0%), Restaurants and Accommodation Services (4,8%), Educational Services (3,7%) and Recreation, Sports and Culture (3,2%). (Table 1)
Compared to December 2025, the largest changes were observed in the categories Clothing and Footwear (-12,1%) and Food and Non-Alcoholic Beverages (3,5%). (Table 1)
Unit Impact Analysis
The largest positive effect on the change of the CPI of January 2026 compared to January 2025 was had by the categories Food and non-alcoholic beverages (0,53), Restaurants and accommodation services (0,52) and Recreation, sports and culture (0,22), while the largest negative effect on the change of the CPI of January 2026 compared to January 2025 was had by the categories Clothing and footwear (-0,44) and Transport (-0,36). (Table 3)
The largest impact on the change of CPI in January 2026 compared to December 2025 was had by the categories Clothing and Footwear (-0,80) and Food and Non-Alcoholic Beverages (0,62). (Table 3)
The largest positive impact on the change in the CPI of January 2026 compared to the index of January 2025 was had by Food Services (0,49), while the largest negative impact was had by Petroleum Products (-0,45). (Table 4)
Fresh Vegetables (0,50) had the largest positive effect on the change in the CPI of January 2026 compared to the corresponding index of December 2025, while Clothing had the largest negative effect (-0,58). (Table 5)
| Table 1 | ||||
| Categories of Goods and Services | CPI (2015=100) | Changes (%) | ||
| December 2025 | January 2026 | Jan. 26/ Jan. 25 | Jan. 26/ Dec. 25 | |
| Food and Non-Alcoholic Beverages | 99,59 | 103,11 | 3,01 | 3,53 |
| Alcoholic Beverages and Tobacco | 100,56 | 100,42 | 0,75 | -0,14 |
| Clothing and Footwear | 101,99 | 89,63 | -7,02 | -12,12 |
| Housing, Water, Electricity, Natural Gas and Other Fuels | 99,96 | 100,66 | -0,65 | 0,70 |
| Furnishing and Decoration, Home Furnishings and Routine Residential Maintenance | 100,12 | 99,83 | 0,40 | -0,29 |
| Health | 100,14 | 100,38 | 0,79 | 0,24 |
| Transport | 99,04 | 97,72 | -2,45 | -1,33 |
| Information and Communication | 99,27 | 97,61 | -1,97 | -1,67 |
| Recreation, Sports and Culture | 101,72 | 101,43 | 3,17 | -0,29 |
| Educational Services | 102,41 | 102,58 | 3,71 | 0,17 |
| Restaurants and Accommodation | 101,66 | 101,72 | 4,79 | 0,06 |
| Insurance and Financial Services | 100,02 | 100,05 | 0,11 | 0,02 |
| Personal Care, Social Protection and Miscellaneous Goods and Services | 101,21 | 100,71 | 1,78 | -0,50 |
| General Consumer Price Index | 100,28 | 99,98 | 0,51 | -0,30 |
| Table 2 | |||
| Financial Categories | Weighting | Changes (%) | |
| Jan. 26/ Jan. 25 | Jan. 26/ Dec. 25 | ||
| Agricultural Products | 648 | 8,21 | 7,93 |
| Industrial Products (excluding Petroleum Products) | 4111 | -1,27 | -2,02 |
| Electricity and Water | 393-6.51 | 0.14 | |
| Petroleum products | 708 | -6,07 | -1,72 |
| Services | 4140 | 3,27 | 0,12 |
| General Index | 10000 | 0,51 | -0,30 |
| Table 3 | |||
| Categories of Goods and Services | Weighting | Impact (units) | |
| Jan. 26/ Jan. 25 | Jan. 26/ Dec. 25 | ||
| Food and Non-Alcoholic Beverages | 1762 | 0,53 | 0,62 |
| Alcoholic Beverages and Tobacco | 528 | 0,04 | -0,01 |
| Clothing and Footwear | 646 | -0,44 | -0,80 |
| Housing, Water, Electricity, Natural Gas and Other Fuels | 1187 | -0,08 | 0,08 |
| Furnishing and Decoration, Home Furnishings and Routine Residential Maintenance | 619 | 0,02 | -0,02 |
| Health | 371 | 0,03 | 0,01 |
| Transport | 1481 | -0,36 | -0,20 |
| Information and Communication | 415 | -0,08 | -0,07 |
| Recreation, Sports and Culture | 694 | 0,22 | -0,02 |
| Educational Services | 376 | 0,14 | 0,01 |
| Restaurants and Accommodation | 1113 | 0,52 | 0,01 |
| Insurance and Financial Services | 236 | 0,00 | 0,00 |
| Personal Care, Social Protection and Miscellaneous Goods and Services | 572 | 0,10 | -0,03 |
| General Consumer Price Index | 10000 | 0,51 | -0,30 |
| Note: The sums are calculated based on the individual effects with infinite decimals and are published with a rounding of two decimals, possible differences in the sums are due to a rounding error. | |||
| Table 4 | |
| Products/Services | Impact (units) |
| Jan. 26/ Jan. 25 | |
| Positive Impact | |
| Catering | 0,49 |
| Fresh Vegetables | 0,46 |
| Services for Home Maintenance | 0,14 |
| Actual Rents for Main House | 0,11 |
| Miscellaneous Other Products and Services | 0,60 |
| Negative Impact | |
| Petroleum products | -0,45 |
| Clothing | -0,37 |
| Electricity | -0,26 |
| Transport | -0,21 |
| GRAND TOTAL | 0,51 |
| Table 5 | |
| Products/Services | Impact (units) |
| Jan. 26/ Dec. 25 | |
| Positive Impact | |
| Fresh Vegetables | 0,50 |
| Services for Home Maintenance | 0,05 |
| Bakery | 0,04 |
| Meats | 0,03 |
| Miscellaneous Other Products and Services | 0,01 |
| Negative Impact | |
| Clothing | -0,58 |
| Footwear | -0,21 |
| Mineral oils | -0,14 |
| GRAND TOTAL | -0,30 |
Methodological Information
Definitions
The Consumer Price Index (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 (residing in Cyprus or intending 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 under the ECOICOP classification. From January 2026 onwards, the CPI is calculated and published based on the ECOICOP ver.2 classification. The lowest level of detail for the ECOICOP ver.2 classification used in the CPI is the five resolution digits.
Products/Services and Weights
With effect from January 2026, both the products 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, subtopic Price Indices, CYSTAT-DB (Database), Methodological Information, 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 kvoutouris@cystat.mof.gov.cy or with Mr. Filippos Kakoutsis by phone at 22605149 or by e-mail at fkakoutsis@cystat.mof.gov.cy.
