{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"cy-labour-cost-index","url":"https://apiardata.com/statistics/cy-labour-cost-index","html_url":"https://apiardata.com/statistics/cy-labour-cost-index/","title":"Cyprus Labour Cost Index (2025)","description":"Cyprus's Labour Cost Index: 124.9 Index (2016=100) in 2025, +3.5% YoY. Eurostat (LC_LCI_R2_A), 2008–2025.","domain":"prices","category":"Prices & Inflation","keywords":["Prices & Inflation","Eurostat","Cyprus","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Cyprus","temporal_coverage":"2008/2025","unit":"Index (2016=100)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Cyprus Labour Cost Index","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/LC_LCI_R2_A/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2008–2025"},{"label":"Observations","value":"18"},{"label":"Geography","value":"Cyprus"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Cyprus (2025)","value":"124.9","unit":"Index (2016=100)","trend":{"direction":"up","value":"+3.5% YoY"}},{"label":"YoY Change","value":"+3.5%","unit":"Index (2016=100)"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"18","unit":"years of data"}],"series":[{"key":"value","label":"Cyprus Labour Cost Index"}],"observation_count":18,"observations":[{"period":"2008","value":95.3},{"period":"2009","value":101.9},{"period":"2010","value":101.6},{"period":"2011","value":102.7},{"period":"2012","value":101.4},{"period":"2013","value":99.1},{"period":"2014","value":95.8},{"period":"2015","value":94.2},{"period":"2016","value":93.1},{"period":"2017","value":94.2},{"period":"2018","value":97.1},{"period":"2019","value":101.5},{"period":"2020","value":100},{"period":"2021","value":101},{"period":"2022","value":108},{"period":"2023","value":115.2},{"period":"2024","value":120.7},{"period":"2025","value":124.9}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"Index (2016=100)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"124.9","yoyChange":"+3.5%"},{"year":"2024","value":"120.7","yoyChange":"+4.8%"},{"year":"2023","value":"115.2","yoyChange":"+6.7%"},{"year":"2022","value":"108.0","yoyChange":"+6.9%"},{"year":"2021","value":"101.0","yoyChange":"+1.0%"},{"year":"2020","value":"100.0","yoyChange":"-1.5%"},{"year":"2019","value":"101.5","yoyChange":"+4.5%"},{"year":"2018","value":"97.1","yoyChange":"+3.1%"},{"year":"2017","value":"94.2","yoyChange":"+1.2%"},{"year":"2016","value":"93.1","yoyChange":"-1.2%"},{"year":"2015","value":"94.2","yoyChange":"-1.7%"},{"year":"2014","value":"95.8","yoyChange":"-3.3%"},{"year":"2013","value":"99.1","yoyChange":"-2.3%"},{"year":"2012","value":"101.4","yoyChange":"-1.3%"},{"year":"2011","value":"102.7","yoyChange":"+1.1%"},{"year":"2010","value":"101.6","yoyChange":"-0.3%"},{"year":"2009","value":"101.9","yoyChange":"+6.9%"},{"year":"2008","value":"95.3","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the nominal labour cost index (wages + non-wage costs) across the business economy (NACE B-S) in Cyprus from 2008 to present, indexed to 2016=100. Labour costs are the primary driver of service-sector inflation and manufacturing location decisions. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2008–2025 (18 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 124.9 Index (2016=100) in 2025 and reached its lowest recorded value of 93.1 in 2016. The latest reading of 124.9 in 2025 represents a change of +4.2."}]}