Nearly seven in ten (66%) households in Cyprus report struggling to manage financially, from slightly to severely, according to the 2026 consumer behaviour survey conducted by the Pan-Cyprian Union of Consumers and Quality of Life (P.E.K.Poi.Zo.) in collaboration with Cypronetwork Ltd.
The survey, presented on Tuesday in Nicosia, shows that about one in three citizens (34%) say their household gets by comfortably with its current income. Meanwhile, 26% said they struggle a little, 25% just manage, 13% struggle significantly, and 2% face survival difficulties.
Income stability and rising costs
Two-thirds of households report stable incomes, with a slight predominance of increases over decreases. Despite this, nearly nine in ten consumers believe prices of goods and services have risen, especially for food, essentials, and electricity, impacting family budgets.
Other findings include:
- One in four households reduced travel due to fuel costs
- Two-thirds report higher utility bills (electricity, water, telecoms)
- Over 40% of families have bank loans, with seven in ten considering the debt burden large or very large
- 30% believe their household is over-indebted, while 40% of borrowers fear they may struggle to meet obligations in the future
Consumer concerns and behaviour
Top societal concerns:
- Rising prices of goods and services (63%)
- Corruption (56%)
- Energy costs (48%)
- Crime and violence (29%)
Survey respondents also indicated a cautious approach to spending: one in four households reduced purchases, while one in five increased them. Around one-third anticipate a downward economic trend in the coming months, with only 16% expressing positive expectations.
The survey also revealed high dissatisfaction with government transparency, responsiveness, and fairness, with negative ratings ranging between 63%–75%. Indicators for savings, investments, and housing purchases were also negative, reflecting limited ability to plan long-term finances.
Expert comments
Christos Michaelides, Executive President of Cypronetwork, highlighted that seven in ten consumers are unaware of their rights and that voters are likely to consider parties’ positions on inflation and consumer protection in the upcoming parliamentary elections.
Dr Loukas Aristodimou, President of P.E.K.Poi.Zo., noted that the survey reflects a general consumer disappointment and called for improved institutional responsiveness.
Alice Iordanou, Head of Competition at the Consumer Protection Service, stressed ongoing efforts to ensure fair competition and protect consumers from unfair market practices.
The survey was conducted via personal telephone interviews with a representative sample of 1,000 people between 16 February and 9 March 2026.
Also read: Easter in Cyprus: Festive table costs rise slightly
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