[Reuters]
A large majority of households in Cyprus are dealing with financial strain, according to a 2026 consumer behavior survey conducted by the Pancyprian Consumers and Quality of Life Association (PEKPoizo) in collaboration with Cypronetwork. The findings show that 66% of households are struggling to make ends meet to some extent.
Only about one-third of respondents, or 34%, say they are living comfortably within their income. Among those facing difficulties, 26% describe their situation as manageable, while another 25% say they are barely keeping up with their financial obligations. An additional 13% report serious financial pressure, and 2% say they are struggling to meet basic survival needs.
For most households, income has not changed significantly. About two out of three respondents say their earnings have remained stable. Slightly more people report increases than decreases, which points to limited improvement overall. Rising prices continue to be a major concern.
Nearly nine out of 10 participants say the cost of goods and services has gone up, especially for food, essential items, and electricity. These increases are putting extra pressure on household budgets.