#inflation

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 ...

Tomato prices are up almost a euro from €2.24 per kilo to €3.28 as of the latest consumer protection agency report, which logged more modest increases on other products. The Friday report ...

Cypriots are making more frequent trips to the supermarket and buying less as means of controlling their spending, rather than filling up a trolley every few weeks or once a ...

Cyprus and other EU member states should have done more in the past to be prepared for the green transition and weaning themselves off fossil fuels, Finance Minister Constantinos Petrides ...

U.S. President Joe Biden’s hopes that his party would head into the midterm elections with inflation receding were dashed on Thursday when the final report ahead of the ...

Inflation in August 2022 increased by 8.9 per cent in Cyprus, according to data published by the Statistical Service of Cyprus on Friday. The Consumer Price Index decreased by 0.29 units and reached 113.34 ...

French supermarket retailer Carrefour (CARR.PA) said it would freeze the prices on 100 of its products, in order to help French people tackle soaring inflation in the country. Carrefour’s ...

Inflation increased by 10.9 per cent year on year in July driven by hikes in electricity, which rose 61.7 per cent and fuel 44.1 per cent during the period, the statistical services announced ...

British consumer price inflation surged again in June to hit an annual rate of 9.4%, the highest rate since early 1982, according to official figures that underline the chances of a bigger ...

The current energy crisis and inflation have undone the rebound in the Cyprus economy registered last year, depleting households’ disposable income and posing a threat to the stability of the ...

Ruling Disy leader and presidential candidate Averof Neophytou is on Monday expected to announce a series of ‘radical proposals’ to deal with the inflation crisis, it emerged on Sunday. Neophytou, ...

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 ...

Given that consumer prices will continue to rise over the coming months with increases in incomes falling far behind, even lower middle-income households are likely to experience financial problems With ...

The House of Representatives on Thursday greenlit the state’s first supplementary budget for fiscal year 2022, amid criticism that the government keeps wasting taxpayer money on mass rapid tests for ...

Despite the government’s attempts to gather proposals to tackle rising prices and inflation, some are already expressing their discontent over the expected outcome and point fingers at the government’...

President Nicos Anastasiades will on Thursday review implementation of the government’s programme on health with ministers and top officials, one of a series of meetings scheduled this coming week, ...

The magnitude of the impact on the Cyprus economy from the war in Ukraine will depend on the duration of hostilities, and sanctions against Russia, Central Bank of Cyprus (CBC) ...

Following the rise in prices that has been at the centre of disputes and protests all over Cyprus in recent weeks, potato farmers said on Thursday they will also take ...

PEO and Deok trade unions are seeking the full restoration of the cost of living allowance (Cola), the reduction of VAT and introduction of price ceilings amid the rising inflation ...

Cyprus should expect higher joblessness and further inflation in 2022, which is also expected to impact the recovering tourism sector, but the economy should improve next year, according to the EU’...

The government and banks issue deceptive statements and statistics and the media blindly report them without question By Les Manison According to Reporters Without Borders, Cyprus ranks 69th on the “...