Provisional data indicates that in the second quarter of 2026, hourly labour costs increased by 3.8% compared to the same quarter in 2025. Seasonally adjusted costs rose by 1.0% from the previous quarter.
Based on provisional data, the labour cost index for the second quarter of 2026 shows a 3.8% increase in hourly labour costs compared to the same quarter in 2025. The index is calculated using data from the Social Insurance Services, the Treasury, and other sources.
The main components, wages and salaries, and non-wage costs, increased by 3.9% and 3.6%, respectively, year-on-year. Seasonally adjusted, total labour costs increased by 1.0% compared to the previous quarter, with wages and salaries also rising by 1.0% and non-wage costs by 0.9%.
The index covers all economic activities except agriculture, forestry, fishing, household activities, and extraterritorial organizations. It is used to measure inflationary pressures from labour market developments.
For more information, visit the CYSTAT portal or contact Ms. Phani Lagou at 22602115 or via email at plagou@cystat.mof.gov.cy.
