#inflation

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 “...

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 ...