Prices continue to rise in November, sugar up 16%

There have been major price hikes for basic necessities in November compared to the previous month, the Cyprus consumer association said on Sunday.

Sugar had the largest price increase at 16.1 per cent, while for potatoes it was 12.7 per cent.

According to head of the association Marios Droushiotis, there was a major price increase for home services aiming to help the elderly and people with disabilities, amounting to 19.5 per cent.

For the same period, prices for hotels and accommodation fell by 13.4 per cent, while flight prices dropped by 9.7 per cent.

“It appears that inflation is showing signs of stabilizing over the past four months,” Droushiotis said.

Compared to January, the price of sugar marked a 68 per cent increase, oil had a 53.4 per cent hike, while potatoes 53 per cent. Fruit prices decreased 7.5 per cent.