Deflation was recorded for the eighth consecutive month in Cyprus in December 2025, with the Consumer Price Index (CPI) showing an annual decrease of 0.5%, according to data from the Statistical Service of Cyprus.
On an annual basis, for the period January – December 2025, the CPI recorded a marginal increase of 0.1% compared to the same period in 2024, reflecting a stabilization of prices over the year.
On a monthly basis, the CPI in December 2025 increased by 0.10 points, reaching 117.67 points, up from 117.57 points in November.
Services Up, Electricity and Agricultural Products Down
According to the Statistical Service, the largest positive change compared to December 2024 was recorded in Services (+3.1%), while the most significant negative changes were noted in Electricity (-9.4%) and Agricultural Products (-5.8%).
Compared to November 2025, the largest change was recorded in Agricultural Products (+3.0%).
Significant Fluctuations in Clothing, Dining, and Food
On an annual basis, the most significant changes were observed in the categories:
- Clothing and Footwear (-7.9%)
- Restaurants and Hotels (+4.9%)
- Education (+3.5%)
- Food and Non-Alcoholic Beverages (-2.9%)
On a monthly basis, compared to November 2025, the largest changes were recorded in Food and Non-Alcoholic Beverages (+0.8%) and Transport (-0.4%).
For the whole of 2025, the largest changes concerned Clothing and Footwear (-6.5%), Restaurants and Hotels (+4.7%), Education (+3.7%), and Recreation and Culture (+3.1%).
Positive and negative impacts on the CPI
The categories with the greatest positive impact on the change of the CPI in December 2025 compared to December 2024 were Restaurants and Hotels (0.54 units), Education (0.16), and Recreation and Culture (0.15).
Conversely, the greatest negative impact was exerted by Food and non-alcoholic beverages (-0.70) and Clothing and Footwear (-0.61).
On a monthly basis, the category with the greatest impact on the CPI change was Food and non-alcoholic beverages (0.19), while at the product level, Fresh Vegetables stood out with a positive impact, and Airfares and Electricity with a negative contribution.
