#inflation

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 “...

Business leaders have called on the president to urgently boost the island’s self-sufficiency in terms of the food supply, warning that based on current data, higher prices and shortages “...

In April 2022, inflation was 8.8 per cent in Cyprus, with the Consumer Price Index increasing by 2.58 units to 110.36 units, compared to 107.78 units in March 2022, according to data published by the Cyprus ...

Turkey’s annual inflation jumped to 69.97 per cent in April, above forecast and at a two-decade high, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy ...

Finance Minister Constantinos Petrides on Monday pledged support for vulnerable groups in the face of growing inflation and rising costs. He conceded that the next few years would be difficult, ...

Inflation’s surge following excessive stimulus and an energy crisis makes the way ahead hazardous By Andrew Shouler Stagflation is upon us, inflation leading towards economic stagnation. Western economies are ...

Adolfo Laurenti, Principal European Economist for multinational financial services firm Visa, earlier this week participated in an event co-hosted by the Cyprus Economic Society, as well as the Cyprus Association ...

By Yiannis Seitanides Cypriot consumers have reacted, as one would expect, to the increased inflationary pressures of recent months by reducing the volume of their purchases at supermarkets and becoming ...

By Andreas Charalambous and Omiros Pissarides In recent decades, inflation in developed economies has been contained at historically low levels. With the onset of the pandemic in early 2020 and the ...

Undeterred by industry figures showing rents in Istanbul have doubled inside a year, yoga instructor Ceren Tabak was fully prepared to spend most of her salary on housing costs when ...

Finance Minister Constantinos Petrides has pledged to hold fast amid mounting calls for an increase in government handouts, warning that otherwise the public debt may spiral out of control. Appearing ...

Some weeks back, when the effects of inflation were starting to be felt and the government, parroting the EU line, was still insisting it was transitory, this column argued that ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

Inflation jumped to 7.1 per cent, the highest level in 26 years, in March 2022, on an annual basis, according to data released by the Cyprus Statistical Service earlier this week. This is ...

As petrol prices surge in the wake of Russia’s invasion of Ukraine and consumers fret over the cost of living, the finance ministry has revised its forecast for inflation ...

By Maria Demertzis The events that have unfolded since 24 February have solved one dispute: inflation is no longer temporary. There are four reasons to expect sustained inflationary pressures and one ...

By Maria Demertzis In the 2020 revision of monetary policy strategy, the US Federal Reserve adjusted the pursuit of an inflation rate at 2 per cent, to inflation that ‘averages 2 per cent ...

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 ...

Milk, cheese, and some key veg are amongst the goods to have recorded the highest prices increase in the last month with tomatoes up by over 200 per cent from €1.05 per ...

From Hershey to Clorox (CLX.N) and Kleenex maker Kimberly-Clark (KMB.N), major consumer-products companies have announced plans to boost US prices further or more broadly than previously proposed this ...

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 ...

Increases in basic salaries in January through the Cost of Living Allowance (Cola) are an absolute necessity given the current spike in the price of energy, goods and services, unions ...