#inflation

The rate of inflation was down to 1.9 per cent in June, according to the latest figures released by the statistical service. In May it was 3 per cent, which suggests the ...

Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week. The inflation rate was measured at 1.9 ...

Despite earthquakes, trainwrecks, inflation and a pandemic, political leaderships in Greece, Turkey and Cyprus remain basically unchanged Kyriakos Mitsotakis triumphed in the first round of the Greek elections on May 21, ...

Fuel and electricity prices are set to rise as of July 1 following expiration of the relief measures for consumers introduced last year. According to Finance Ministry permanent secretary, George Panteli, ...

The prices of some popular supermarket items have not dropped significantly following the introduction of reduced VAT, a month after the intended consumer relief measure kicked in, data from the ...

A small minority will not be allowed to tarnish Cyprus’ reputation, which has been built over many years, President Nikos Christodoulides said on Saturday. Addressing the bank worker’s union, ...

By Les Manison Newly elected President Nikos Christodoulides promised in his campaign that his government would be one of “broad social acceptance”. For the economy this should mean a situation ...

Cyprus’ annual inflation rate in May decreased to 3.01 per cent, continuing its downward trend for the seventh consecutive month, mainly driven by a deceleration in the prices of petroleum products. ...

The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such ...

The Cyprus Statistical Service (Cystat) on Wednesday reported a notable deceleration in harmonised inflation for the month of April. According to the report, the Harmonised Index of Consumer Prices (HICP) ...

Two government measures for helping people cope with inflation are in the pipeline – reduction of VAT on basic consumer goods and the creation of a shopping basket app that will ...

By Andreas Charalambous and Omiros Pissarides The prolonged period of rising inflation over the past year and a half has pushed major Central Banks to successive interest rate hikes. Specifically, ...

There are no concerns over an increase in bad loans for Cyprus’ banks, Finance Minister Makis Keravnos said on Thursday after a meeting with the European Central Bank’s executive ...

Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after annual inflation hit 100% for the first time ...

Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead. Yes, headline inflation across major developed economies has retreated from multidecade highs, ...

By Maria Demertzis Very little comes out of US policy these days that does not aim to either decouple from China or somehow reduce China’s global reach. The US ...

Cyprus’ annual rate of inflation reached 7.1 per cent in January 2023, continuing its downward trend for the third consecutive month. According to a report published on Friday by the Cyprus Statistical ...

Inflation in Cyprus for the period between January and December 2022 recorded an increase of 8.4 per cent, compared to the corresponding period of the year before, while an inflation rate of 7.9 ...

This Christmas season, the noose around pocket strings has become incredibly tight as inflation soars and prices skyrocket. Though special offers appear to be some sort of saving grace, it ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

The price of basic consumer goods fluctuated up and down this month according to average retail price levels on December 7, 2022, compared with the previous month with the largest decreases recorded ...

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 ...

Inflation is a significant challenge for Cyprus’ Recovery and Resilience programme, as it leads to price hikes in construction projects, Finance Minister Constantinos Petrides said on Friday. Nonetheless, Cyprus received ...

Inflation in Cyprus rose to 8.7 per cent in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Meanwhile, the Consumer Price Index rose by 0.54 points ...