Consumer prices in Cyprus recorded a modest year-on-year increase of 0.4 per cent in May 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat).

Specifically, the Harmonised Index of Consumer Prices (HICP) rose by 0.4 per cent between May 2024 and May 2025, the service reported.

It added that the index increased by 0.2 per cent between April 2025 and May 2025.

Compared to May 2024, the highest positive changes were observed in the categories of recreation and culture, which rose by 7.7 per cent, and restaurants and hotels, which increased by 5.2 per cent.

The largest decrease was recorded in the transport category, which fell by 6.5 per cent.

In comparison with April 2025, significant changes were observed in the categories of transport, which dropped by 4.4 per cent, and clothing and footwear, which rose by 2.6 per cent.

During the period from January to May 2025, compared to the corresponding period of the previous year, recreation and culture increased by 7.3 per cent.

Furthermore, restaurants and hotels rose by 5.3 per cent, while clothing and footwear recorded a decrease of 5.6 per cent.

In terms of economic categories, the most significant change was observed in energy.

Compared to May 2024, energy prices fell by 11.4 per cent. Relative to April 2025, energy prices decreased by 1.7 per cent.