#inflation

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 ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

By Maria Demertzis The discovery of the latest Omicron variant of COVID-19 sent stock markets into a freefall on Black Friday. However, markets recovered on Monday and have since shrugged ...

By Achilleas Demetriades The economic repercussions of Covid 19 are still being felt. Governments throughout the world have rightly stepped up with huge economic stimulus programmes to address the immediate negative ...

European Union finance ministers agreed on Monday that the current surge in consumer prices would subside next year and that high public debt created by the pandemic had to be ...

Most businesses said they saw a rise in prices of up to 30 per cent in the past six months, according to the results of a survey published on Friday. The ...

From coffee to plastic, companies left waiting months for orders to arrive, then hit by massive price rises Importers and manufacturers are warning that while some price increases have so ...