Increased prices on most staple food items
A total of 32 out of 45 staple food items have seen their prices increase, the Consumer Protection Service (CPS) said on Monday, in its July 2023 price observatory.
Reductions were recorded for 13 ...
Consumers association calls for return of fuel subsidy
The government must reinstate the fuel subsidy for two months as petrol prices are up 18 cents per litre from the time the government scrapped it back on July 1, the consumers ...
Cost of living increases 9.9% in July in north
The north’s cost of living increased by 9.9 per cent in the month of July, according to figures released by its statistics office.
The figures, calculated in Turkish Lira, work ...
Zero VAT impacts prices of consumer goods in past month
While the prices of basic consumer goods have generally sharply increased in the past year, some have started to decrease in the past month, according to the latest report by ...
Cost-of-living remains high as inflation declines
Public concern over cost-of-living is mounting despite state assurances that the ending of relief measures was warranted and necessary.
Recently released data appeared to validate consumers’ fears, that the abolition ...
Online platform rates Limassol Cyprus’ most expensive city
The monthly cost of living for a four-member family in Limassol is €4,141, making the coastal city the most expensive in Cyprus and roughly 11 per cent more than Nicosia, according to ...
Some food products increased 30 per cent last month
Frozen fish, flour and frozen meats saw hikes of up to 30 per cent in January, but the price of cold meats, cheese, bottled water, fresh fish and cereals fell up ...
Cost of living, migration and poverty are key concerns of Cypriots, survey finds
The rising cost of living, poverty and migration are the biggest concerns among citizens in Cyprus, according to the latest Eurobarometer survey.
Out of 506 interviews carried out face-to-face in Cyprus ...
Labour minister pessimistic about CoLa solution after meeting with employers’ unions
Labour Minister Kyriacos Koushos on Monday said he was pessimistic a solution could be found to resolve the ongoing spat between unions and employers over the cost-of-living allowance (CoLA).
Koushos ...
Timeframe very tight for prices on a ‘basket of goods’
Questions have emerged whether the government will be able to pass a bill proposal being discussed from Wednesday for prices on a ‘household basket of goods.’
The ‘household basket,’ which ...
Petrides: days of cheap energy and money are over
Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over.
Petrides made the comments ...
New meeting on cost of living allowance slated for November 7
The cost of living automatic price index adjustment (Cola) is to be discussed at a meeting scheduled with the ministry of labour for November 7.
Minister of labour and social insurance ...
Peo union workers march on palace over cost of living crisis
Left-wing trade union Peo claimed on Saturday that the Anastasiades-Disy government deprived workers of €7.5 billion worth of income during ten years in office.
The union held a demonstration march at 10...
Inadequate government response to cost of living crisis
The prospect of a recession in Cyprus is a distinct possibility
According to the latest Eurobarometer by the European Commission seven out of ten Cypriots describe the economic situation of ...
Another fine mess they’ve gotten us into
Western governments and central banks together have contrived an economic and societal farce, but few are laughing
By Andrew Shouler
We are now well into what some call the silly ...
Hotels already bracing for a difficult 2023 as cost of living casts dark shadow
Hoteliers hope to meet their revised targets for 2022 but are bracing for a difficult 2023 as the cost-of-living crisis eats into the purchasing power of potential visitors and a labour shortage ...
Fiscal council sounds the alarm, issues gloomy outlook
The fiscal council has sounded the alarm over delays in securing EU funds from the bloc’s recovery plan, casting a gloomy outlook against the backdrop of record inflation and ...
Ministers to meet over plan to mitigate cost of living rises
President Nicos Anastasiades has convened a meeting of ministers for Friday to explore ways of providing relief to people amid the rising cost of living.
Announcing the meeting on Monday, ...
Akel: 200,000 at risk of poverty
Measures must be taken to support some 200,000 people who live below the poverty threshold, Akel general secretary Stephanos Stephanou said on Wednesday.
He was speaking after a visit to the ...
‘I won’t leave a bankrupt state,’ president says on price pressures (Update 3)
Rising prices and inflation are a global phenomenon, President Anastasiades said on Wednesday night, responding to opposition parties and unions who have announced islandwide protests over the surge in the ...
Government: Akel living in ‘virtual reality’ over cost of living
Amid an escalating row over the cost of living, the government on Thursday accused main opposition party Akel of unfounded criticism and insisted that inflation in Cyprus remains manageable.
It ...
Audit Office says move to absorb port fee hikes needs EU approval
The Audit Office on Thursday warned that any state waiver to offset the looming rise in port fees in Limassol would require the approval of the European Commission first.
“In ...
State should shoulder port fee increase – Neophytou
Disy leader Averof Neophytou on Wednesday proposed that the government absorb the cost of the looming rise of port fees in Limassol.
Neophytou wrote to Transport Minister Yiannis Karousos in ...
Growing chagrin over new port charges
The Cyprus Chambers of Commerce and Industry (Keve) on Friday slammed the managing companies at Limassol port, which, according to reports, are prepared to increase charges that will burden businesses ...