#inflation

Price reductions were observed in 26 out of 45 categories of consumer products monitored by the Consumer Protection Service for the month of September, it announced on Monday. Despite inflation continuing its ...

By Andreas Charalambous and Omiros Pissarides The global economy is undergoing a difficult period, characterised by the enduring geopolitical turmoil and uncertainty, which adversely affect energy security and food sufficiency ...

Short-term patchwork government measures to deal with cost-of-living crisis and persistent inequalities are not enough By Les Manison A report by the OECD on “taxing wages” reveals that the increase ...

The commerce ministry on Wednesday defended its e-kalathi proposal, which has faced criticism, saying that it is one of the many measures it has taken to tackle the impact of ...

Finance minister Makis Keravnos was disparaged and ridiculed for the measures he announced after Wednesday’s council of ministers meeting, one newspaper columnist referring to them as “targeted mockery.” He ...

President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the government had a fiscal responsibility to safeguard the viability of the economy so ...

Cyprus experienced a resurgence in inflation during August, primarily driven by an increase in food prices and other essential goods, according to a report released this week by the state’...

The overall harmonised index of consumer prices (HICP) rose by 2.4 per cent in July year-on-year driven by higher prices in food and non-alcoholic drinks, the statistical service said on Friday. ...

Nigeria has approved a total of 180 billion naira ($235 mln) for its 36 states to procure rice and maize to cushion the effects of food shortages across the country and hardship caused ...

Italy is likely to scale back its anti-inflation plans as producers are refusing to submit to a deal with supermarket chains to control prices of consumer staples, two people familiar ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

The harmonised inflation rate in Cyprus experienced a significant decline in June 2023 compared to the same period last year, reaching its lowest level in nearly two years, according to a ...

Cyprus’ fiscal council noted significant delays in the implementation of commitments related to the Recovery and Resilience Plan (RRP), in its interim report published on Tuesday. The council emphasized that ...

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 ...