Nicosia: Hourly labor costs increased by 3.8% in the second quarter of this year, according to the Statistical Service of Cyprus.

According to Cyprus News Agency, the Statistical Service said in a press release that on the basis of provisional data, it is estimated that in the 2nd quarter of 2026 hourly labor costs (total cost) increased by 3.8%, compared with the same quarter of the previous year.

It notes that the two main components of labor costs, wages and salaries per hour worked and non-wage costs per hour worked increased by 3.9% and 3.6% respectively, compared with the same quarter of the previous year.

The hourly labor cost (total cost), seasonally adjusted, increased by 1.0% compared to the previous quarter.

The hourly labor cost that refers to wages and salaries, seasonally adjusted, also increased by 1.0% compared to the previous quarter. The hourly non-wage cost, seasonally adjusted increased by 0.9%.