According to new data from the Statistical Service, in February 2026 the Industrial Producer Price Index in Cyprus reached 122.9 points (2021=100), which is 0.2% higher than in January 2026 and 1.1% higher than in February 2025. From January to February 2026, the Index increased by 0.9% compared to the same period in 2025.
Monthly changes showed that the mining and quarrying sector, as well as water supply and materials recovery, remained unchanged. Manufacturing recorded an increase of 0.3%, while the electricity sector saw a decrease of 0.3%.
A comparison with February of the previous year shows price increases across all key industrial sectors. Mining and quarrying rose by 4.4%, manufacturing by 1.2%, water supply and materials recovery by 1.2%, and electricity by 0.5%.
Manufacturing sector
Within manufacturing industries, the largest annual increase was recorded in furniture production and other manufacturing activities, as well as in the repair and installation of machinery and equipment (+6.3%). The production of electronic and optical products, as well as electrical equipment, increased by 2.9%, while the manufacture of machinery, equipment, motor vehicles, and other transport equipment rose by 1.1%.
Growth was also observed in the production of non-metallic mineral products (+0.9%) and in the food industry, including beverages and tobacco products (+0.8%).
Sectors with declining prices
Price decreases were recorded in the manufacture of basic metals and metal products (-0.3%), as well as in the production of paper, paper products, and printing (-0.1%).
February statistics indicate that overall producer prices continue to grow moderately, with manufacturing remaining the key driver.
Experts note that the moderate increase in industrial producer prices reflects the current stability of the Cypriot economy, despite global fluctuations in raw material and energy prices. The manufacturing sector, particularly furniture and machinery industries, remains the main growth factor, which is important for investment planning and monitoring inflation risks.
What is the Producer Price Index
The Producer Price Index is an indicator of the average level of change in wholesale prices for raw materials, intermediate goods, and products sold by domestic producers.
The Producer Price Index covers all stages of production: raw materials, intermediate stages, and finished goods, as well as all sectors. Its main difference from the Consumer Price Index is that it covers only goods, not services, and reflects prices at the wholesale level. An increase in the Producer Price Index may signal a future rise in real estate prices.