#inflation

The inflation rate for a designated basket of basic consumer goods fell to 1.6 per cent in March, continuing the declining trend registered since December, according to government data released on ...

The top issue for most Cypriots, according to a new poll, is inflation, which concerns almost two thirds of the population. The local Cypronetwork ‘barometer’ found that after inflation, 45 per ...

Twenty-seven unions are holding a demonstration outside the Turkish Cypriot ‘finance ministry’ in northern Nicosia on Monday as they continue their protests against inflation. The protest against the high cost ...

Opposition parties accused the government of incompetence on Friday following the reversal of a measure aimed at tackling the high cost of living. Both left-wing Akel and right-wing Disy accused ...

Fears were mounting on Friday that the cost of essential goods, which started rising even before the termination of VAT relief measures, will be catapulted even higher in the event ...

The Cyprus economy recorded a rate of growth of 3.7 per cent in the second quarter of this year in comparison to the corresponding period of 2023, according to Eurostat. It was ...

According to the findings of the latest Eurobarometer 63 per cent of Cypriot respondents said that their standard of living had fallen in the last five years (EU average was 45 per ...

The price of a loaf of bread in the north has been put back up to its historical high of 15TL (€0.44), the north’s Bakers’ association chairman Omer Cirali said ...

EU Finance Ministers, including Cypriot minister Makis Keravnos, have said that gradual recovery is expected in 2024, but have warned that this will be in an environment of heightened uncertainty and ...

The price of fresh fish and vegetables went down by 17 and 13 per cent in October, while the price of toilet paper had a 17 per cent price spike compared to September. ...

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 ...