Cyprus recorded a 3.7 per cent year-on-year increase in hourly labour costs during the first quarter of 2026, exceeding the euro area average, according to figures released by Eurostat.
The increase in Cyprus was higher than the 3.2 per cent rise recorded across the euro area and slightly above the 3.6 per cent increase registered in the European Union as a whole.
According to Eurostat, hourly labour costs consist of
