Annual Change 4,1%
The Harmonized Index of Consumer Prices (HICP) in June 2026 increased by 4,1% compared to June 2025, while compared to May 2026 it increased by 0,9%. (Table 1)
Note: The Eurozone HICP for the last month is based on a EUROSTAT estimate (flash estimate).
Compared to June 2025, Recreation, Sports and Culture (9,7%) and Restaurants and Accommodation Services (8,9%) showed the largest positive change. The largest negative changes were recorded in Clothing and Footwear (-8,0%) and Information and Communication (-2,9%). (Table 1)
Compared to May 2026, the largest changes were recorded in Restaurants and Accommodation Services (3,4%), Recreation, Sports and Culture (1,9%) and Housing, Water Supply, Electricity, Natural Gas and Other Fuels (1,6%). (Table 1)
The largest change in economic categories, compared to June 2025, was observed in Energy ( 13,0%), while compared to May 2026, it was observed in Services ( 1,8%). (Table 2)
| Table 1 | ||||||
| Categories of Goods and Services | HICPs (2025=100) | Changes (%) | ||||
| May 2026 | June 2026 | 26/ Jun 25 | Jun 26/ May 26 | Jan – Jun 26 / Jan – Jun 25 | ||
| Food Non-Alcoholic Beverages | 104,16 | 103,89 | 4,78 | -0,26 | 4,25 | |
| Alcoholic Beverages and Tobacco | 101,29 | 101,16 | 1,45 | -0,13 | 1,25 | |
| Clothing Footwear | 98,29 | 98,78 | -8,01 | 0,50 | -6,69 | |
| Housing, Water, Electricity, Natural Gas and Other Fuels | 101,96 | 103,54 | 4,61 | 1,55 | -0,26 | |
| Furnishing and Decoration, Home Furnishings and Routine Residential Maintenance | 99,60 | 99,58 | -0,96 | -0,02 | -0,23 | |
| Health | 100,84 | 100,86 | 0,97 | 0,02 | 0,70 | |
| Transport | 107,52 | 107,27 | 7,6 | -0,23 | 3,92 | |
| Information and Communication | 97,31 | 97,61 | -2,93 | 0,31 | -2,62 | |
| Recreation, Sports and Culture | 104,62 | 106,56 | 9,66 | 1,85 | 6,84 | |
| Educational Services | 102,33 | 102,33 | 3,41 | 0,00 | 3,41 | |
| Restaurants and Accommodation Services | 107,01 | 110,67 | 8,85 | 3,42 | 5,61 | |
| Insurance and Financial Services | 100,05 | 100,05 | 0,03 | 0,00 | 0,08 | |
| Personal Care, Social Protection and Miscellaneous Goods and Services | 100,69 | 100,93 | 0,62 | 0,24 | 0,97 | |
| General HICP | 103,45 | 104,42 | 4,08 | 0,94 | 2,39 | |
| Table 2 | |||
| Jun 26/ Jun 25 | Jun 26/ May 26 | ||
| General HICP | 1000 | 4,1 | 0,9 |
| Energy | 88,45 | 13,0 | 0,6 |
| Food-Alcoholic Beverages-Tobacco | 205,02 | 4,0 | -0,4 |
| Non-Energy Industrial Products | 223.72-3.2 | 0.2 | |
| Services | 482,81 | 5,8 | 1,8 |
Note: The individual weights are calculated with infinite decimals and are published with a rounding of two decimals. The difference in the sum is due to a rounding error.
Methodological Information
Definitions
The HICP 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 and tourists within the country’s economic territory. The HICP is calculated in accordance with a harmonised approach and methodology as defined by the European Union (EU) in a number of relevant Regulations.
The Annual change shows the change in the HICP compared with the corresponding month of the previous year.
Products/Services
With effect from January 2026, HICP products have been revised. The review was based on the results of the 2023 Household Budget Survey. More information is available on the website of the Statistical Service in the Methodology section, in the statistical subtopic Economy/ Price Indices/ Harmonized Index of Consumer Prices.
Pricing
Pricing is carried out only in the urban areas of the Districts of Nicosia, Larnaca, Limassol and Paphos. For each city, the fluctuations in prices per product each month are weighted according to the population. Specifically, the weighting factors for the four districts are the following: Nicosia 40%, Limassol 30%, Larnaca 18% and Paphos 12%.
The prices of the 850 items (goods and services) are 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). The prices collected are the prices actually paid by consumers for the purchase of specific products and services, including various taxes (VAT, consumption taxes). The prices of the sell-offs, as well as the prices of other offers, are also taken into account in the calculation of the Index, provided that they are generally valid and are not subject to conditions.
Weights of Items
The weights for HICP items (products and services) are calculated on the basis of consumption expenditure (of households and tourists) incurred in the country’s economic territory. Until 2011, the main source of consumer spending was the Household Budget Survey, while from 2012 onwards, based on an EU regulation, data from the National Accounts are mainly used.
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 HICP was calculated and published on the basis of the ECOICOP classification. From January 2026 onwards, the HICP is calculated and published on the basis of the ECOICOP classification ver.2. The lowest level of detail for the ECOICOP ver.2 classification used in the HICP is the five digits of resolution.
For more information, interested parties can visit the Statistical Service Portal, under Price Indices, CYSTAT-DB (Database), Methodological Information 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.
