Rather Yes. I was living in Germany for whole my life and i noticed how much cheaper it was (especially food). And wager where similar - or even higher. Cyprus is expensive, no matter if it is for trip or living, but oit is lack of competition to blame.

I have read some article in "cyprusweekly" and lots of tourist complain about prices. My parent have visited us and found Cyprus extremely expensive - comparing to Greece, Italy. And I was trying to avoid fancy restaurants and cafes.

Yes It is .
I lived one year in Nicosia before 19 years.
I suppose that it became more expensive by now.
Although it is very sweet Island in terms of tourism with friendly people , being expansive dose not encourage visitors .

Cyprus is VERY expensive, especially for tourists.  You can get average deals on accommodation, and the standard can be quite good.  Car hire is not too expensive.  Everything else is a rip off and there are a lot of opportunists trying to part you from your money - especially rogue taxi drivers.

Taxis, food and drink are very expensive.  I was charged €13 for two fresh orange juices in a hotel last month!!  and that is low season!!!  A bottled beer is about €5 or €7 in a club.  Meals/drinks in hotels are very expensive (€25 for a main course).

Cyprus is now the second most expensive country in Europe.

But leather goods are cheap!!!