Cyprus holiday home prices hit eight-year high
Market has overcome impacts of Covid-19
By Kyriacos Kiliaris
If you’re in the market for a vacation home on the island, you might be in for a sticker shock, ...
Govt to set maximum price for water at airports
The government on Wednesday announced its approval of a bill which would give it the power to set the maximum price of some products, including bottled water, at airports and ...
Olive oil in dire straits as prices spiral
Fears the price of olive oil may rise to €15 per litre in the coming months
It has been a bad year for olive oil.
Global production has halved after the ...
Double hit for workers as inflation depresses real wages and drives taxes up
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 ...
Food and drink prices drive July inflation
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.
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Less lamb, more pork but meat consumption steady
The hike in the price of meat this year has pushed Cypriots to shun the usual Easter lamb and turn more to pork, which comes in around half the price ...
‘Supply and demand’ determines prices, minister says
Meat prices are up 25 per cent compared with the Easter holiday period last year but Agriculture Minister Petros Xenophontos said on Thursday he cannot interfere with the laws of the ...
Egg prices in Cyprus up 23% in January year-on-year
Food prices have increased substantially over 2022. One of the food products with the highest price increase is eggs according to data released by Eurostat, the statistical service of the EU.
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Consumer body says continued hikes on bottled gas are a rip-off
The Cyprus Consumers’ Union & Quality of Life association slammed the continued rise in the price of a cylinder of gas saying it was not justified.
In an announcement, the ...
High festive spending on food, but not gifts
Sales across supermarkets have matched pre-pandemic levels this Christmas, largely driven by special offers which lure in customers, but retailers in other areas said consumer spending had been disappointing.
Executive ...
Christmas meat prices up, basket of 35 items for family of four will cost €166
By Andria Kades and Nick Theodoulou
The quantity and quality of products on the market are excellent, and consumers should have zero concerns about what they’re buying, Agriculture Minister ...
Price of consumer staples see-saw in December
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 ...
Prices continue to rise in November, sugar up 16%
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 ...
Timeframe very tight for prices on a ‘basket of goods’
Questions have emerged whether the government will be able to pass a bill proposal being discussed from Wednesday for prices on a ‘household basket of goods.’
The ‘household basket,’ which ...
Tomato and potato prices rise again
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 shopping more frequently but buying fewer items
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 ...
Frozen foods, dairy, meat and oils show biggest hikes since January
Significant hikes in the prices of basic consumer goods were registered between January and September with the biggest being seen in frozen foods, fresh meat, and dairy products such as ...
Record increase in price of villas in the north
There has been a massive increase in the prices of villas in the north but not in the Nicosia area, where they have dropped off, Turkish Cypriot press reported on ...
Paphos ranked in middle by price survey of tourist resorts
Paphos was ranked in the middle of a price survey of a basket of beach items and services carried out by the UK Post Office.
The survey looked at the ...
Prices of most goods rise in last month
The price of basic goods, from cucumbers to sugar and yoghurt, has risen in the past month, according to data published by the consumer protection service on Friday.
Its price ...
Fiscal council sounds the alarm, issues gloomy outlook
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 ...
Lower VAT on EAC bills, boost to pensions to cushion runaway prices (Update 1)
Cabinet on Friday approved a €103m package to help households ride out a surge in the cost of living fueled by sharp increases in energy prices as a result of ...
CBC paints gloomy picture for rest of 2022
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) ...
Business leaders call on govt to boost food self-sufficiency, predict ‘upheavals ahead’
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 “...