Hourly labour costs in Cyprus rose 3.7% in the first quarter of 2026 compared with the same period a year earlier, according to preliminary figures released by the Statistical Service .
Wages and salaries per hour increased 3.8% year‑on‑year, while non‑wage costs — mainly employer social‑insurance contributions and taxes minus subsidies — rose 3.3%.
Seasonally adjusted, total hourly labor costs were up 1.1% from the previous quarter. Wages and salaries also rose 1.1% quarter‑on‑quarter, and non‑wage costs increased 1.5%.
The labor‑cost index, based on 2020=100, reached 119.80 unadjusted and 128.06 seasonally adjusted in the first quarter.
The Statistical Service noted that data from the first quarter of 2025 onward are preliminary and subject to revision.