**Cyprus Industrial Output Prices Rise 4.2 Percent in August 2026**
Cyprus experienced a notable increase in industrial output prices, which rose by 4.2 percent year-on-year in August 2026, according to data released by the statistical service, Cystat, on Wednesday. The industrial output price index reached 127.9 units, using 2021 as a base value of 100 points. This figure also reflects a modest increase of 0.2 percent compared to July 2026.
Over the first eight months of 2026, from January to August, the index recorded an overall growth of 1.6 percent when compared to the same period in 2025. This indicates a steady upward trend in industrial output prices across the island.
Examining the data by sector, water supply and materials recovery saw the most significant month-on-month increase, with prices rising by 1.1 percent. Electricity supply prices followed, increasing by 0.3 percent, while manufacturing prices saw a slight rise of 0.1 percent. Notably, prices in the mining and quarrying sector remained unchanged from the previous month.
In terms of market segmentation, the index for products sold in the local market increased by 0.2 percent from July, reaching 130.3 units. The export market index also saw a rise of 0.3 percent month-on-month, reaching 115.3 units. When compared to August 2025, all four main industrial sectors reported price increases, with electricity supply leading the annual rises at 11.6 percent. Water supply and materials recovery followed with an increase of 8.5 percent, while manufacturing prices rose by 2.2 percent. The mining and quarrying sector recorded the smallest annual increase at 0.8 percent.
In the local market, prices for products increased by 4.2 percent year-on-year, while export prices rose by 3.6 percent. Across the January-to-August period, the water supply and materials recovery sector recorded the highest sectoral increase, rising by 4.1 percent. Mining and quarrying prices increased by 2.6 percent, while electricity supply saw growth of 1.8 percent. Manufacturing prices rose by 1.5 percent during the same eight-month period.
The export market index experienced a 2.6 percent increase during the first eight months of 2026, while the local market index rose by 1.5 percent. A closer look at individual manufacturing divisions revealed that electronic and optical products, as well as electrical equipment, recorded the largest annual price rise at 11.4 percent. The manufacture of basic metals and fabricated metal products saw an increase of 5.4 percent, while furniture, other manufacturing, and machinery repair and installation recorded an annual increase of 4.9 percent. Prices for wood and wood products, excluding furniture but including cork, rose by 4.3 percent. Additionally, the manufacture of machinery and equipment, motor vehicles, and other transport equipment recorded an annual price growth of 3 percent.
Other sectors also showed price increases, with non-metallic mineral products rising by 2.4 percent and the manufacture of refined petroleum products, chemicals, and pharmaceutical preparations recording a 1.5 percent increase. Prices for rubber and plastic products grew by 1 percent, while paper products and printing saw a modest increase of 0.5 percent. Food products, beverages, and tobacco recorded an annual increase of 0.3 percent. However, prices in the manufacture of textiles, wearing apparel, and leather products remained unchanged from August 2025.
On a monthly basis, the largest manufacturing increase was recorded in non-metallic mineral products, which rose by 0.3 percent. Other sectors, including paper products and printing, electronic and optical products, and furniture manufacturing, each recorded increases of 0.2 percent. Food products, beverages, and tobacco, along with basic metals and fabricated metal products, increased by 0.1 percent. Conversely, rubber and plastic products experienced a slight monthly decline of 0.1 percent.
During the first eight months of 2026, electronic, optical, and electrical equipment recorded the largest manufacturing price increase, rising by 7.3 percent year-on-year. Furniture, other manufacturing, and machinery repair and installation followed with a growth of 5.5 percent. Prices for wood products and basic metals and fabricated metal products each rose by 2.7 percent, while machinery, motor vehicles, and other transport equipment increased by 2.1 percent. Other non-metallic mineral products saw a price increase of 1.4 percent, while refined petroleum, chemical, and pharmaceutical products rose by 0.9 percent. Rubber and plastic products recorded growth of 0.7 percent. Lastly, food products, beverages, and tobacco, along with paper products and printing, increased by 0.2 percent, while textiles, clothing, and leather products rose by 0.1 percent.
The data reflects a continued upward trend in industrial output prices in Cyprus, indicating potential implications for various sectors of the economy as they navigate these changes.