Cyprus inflation climbs to 3.7% in September as fuel and power bills bite
Consumer prices in Cyprus rose 3.7% year-on-year in September, with petroleum products up 25.8% and electricity and water up 11.2%, Cystat data shows.
Inflation in Cyprus reached 3.7% in September, up from 3.5% in August, as reported by the Cyprus Statistical Service (Cystat). The Consumer Price Index stood at 104.01 units, an increase of 0.74% compared with the previous month.
Energy-related costs drove the annual rise: petroleum products climbed 25.8% and electricity and water 11.2% over the year. Transport grew 11.9% and housing, water, electricity, natural gas and other fuels added 9.6%, while clothing and footwear fell 10.8%.
For the first nine months of 2026, the index was 2.3% higher than in the same period of 2025. The government is rolling out a €70 million support package, bringing total cost-of-living assistance to roughly €160 million.
What it means for residents
The September figures confirm that energy and transport remain the main drivers of household costs, and the support measures now being introduced will not fully offset them. Residents should factor higher winter bills into their budgets and check whether they qualify for the new relief.
- Heating oil: excise duty drops from 7.4 to 2.1 cents per litre between November 1 and April 30, 2027.
- Electricity: subsidies run through 2027 for vulnerable households and commercial consumers, with coverage depending on consumption.
- VAT: zero-VAT items expand from October 12 to May 31, 2027, and residential solar panel VAT falls from 19% to 9%.
This text is written from the source article and is not a translation of it.
