Eurostat on Tuesday announced that annual inflation in Cyprus is estimated to have risen to 1.5 per cent in March 2026, reflecting an increase compared to previous months.

Speaking to the broader European context, the statistical office said that euro area annual inflation is expected to reach 2.5 per cent in March, up from 1.9 per cent in February.

In Cyprus, the latest estimate shows that inflation accelerated on an annual basis, rising from 0.9 per cent in February 2026.

The figures also indicate that the monthly inflation rate in Cyprus stood at 1 per cent in March 2026.

Compared to the same month a year earlier, inflation in Cyprus was lower, as it had reached 2.1 per cent in March 2025.

Eurostat’s flash estimate highlights that price pressures in Cyprus remain moderate compared to the wider euro area trend.

Across the eurozone, the increase in inflation was primarily driven by energy prices, which are expected to record an annual rise of 4.9 per cent in March, compared to a decline of 3.1 per cent in February.

The data show that services inflation is projected at 3.2 per cent, slightly down from 3.4 per cent in the previous month.

Inflation for food, alcohol and tobacco is expected to stand at 2.4 per cent, compared to 2.5 per cent in February.

Meanwhile, non-energy industrial goods are projected to record a more subdued annual increase of 0.5 per cent, down from 0.7 per cent a month earlier.

Eurostat’s figures underline a renewed upward trend in euro area inflation, following the notable decline recorded in February.

At the same time, Cyprus appears to be experiencing more contained inflation dynamics, despite the recent increase recorded in March.

The data form part of the harmonised index of consumer prices (HICP), which allows for consistent comparison of inflation rates across European Union member states.