Cyprus Business Now: tourism prospects, BoC, PwC survey, inflation, labour costs

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