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 “...
Flaounes, chicken, pork, register highest Easter increases
The barrage of price surges increases, as the latest data shows that key Easter goods are up across the board – from 11 per cent at the lowest end to 38 per cent ...
Restaurant owners ‘can no longer restrain prices’
Eating out is going to become a lot more expensive as restaurant owners and catering establishments are finding it increasingly difficult to absorb the rising cost of oil, gas, electricity ...
Cabinet approves bill to allow curbs in case of price gouging
The cabinet on Wednesday approved a bill giving trade and energy minister Natasa Pilides the power set a maximum gross profit margin for traders in an attempt to stem price ...
Outrage over price hikes in north, higher taxes for booze and cigs
Supermarkets in the north were emptied of alcohol after news hit of a big price hike to be slapped on them through increased taxation.
Some shop owners pre-emptively took bottles ...
No grounds yet for fuel price ceiling, Pilides says
Cyprus fuel prices have surged in line with those abroad, but are still among the lowest in the EU, Energy Minister Natasa Pilides said on Friday, adding that based on ...
Potatoes, tomatoes cheaper, meat stable, bread edging up
Potatoes and tomatoes are cheaper than last month, but bread prices are edging up according to the latest regular price observatory published by the consumer protection service on Friday as ...
Grain importers and livestock breeders sound alarm over price surge
Grain importers and livestock breeders have sounded the alarm over a surge in prices following Russia’s invasion of Ukraine as Akel called on the government to import grains directly ...
Cheese, fish, veg and gas see biggest price hikes in past month
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 ...
Upward trend for prices this Christmas
The prices of meat and baked Christmas treats followed a slightly upward trend in the past year, according to the results of the Christmas price observatory conducted on Friday by ...
Survey shows price increase for many basic goods
Even though dairy companies have held off raising their prices for the time being, it appears many basic products have seen a rise in the past month, according to the ...
Akel bill for further cuts, VAT being discussed by MPs next week
A bill tabled by main opposition Akel suggesting further cuts to VAT on electricity bills will be discussed at the next House finance committee after gaining support from the majority ...
Most businesses have seen costs rise up to 30 per cent in past six months
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 ...
‘Perfect storm’ for increased prices
Growing demand as the world economy recovers after the pandemic, combined with pressure on energy resources ahead of a heavy winter after a very hot summer, are creating a ‘perfect ...
Petrides says current inflation hike seen as transient
Finance Minister Constantinos Petrides voiced concern on Thursday over the risk to the economy from rising prices but said that inflation is currently viewed as transient.
Speaking to reporters on ...
Government promises farmers aid, consumers prepare for spiralling prices (Update 3)
The government said Wednesday it intends to temporarily support farmers stricken by the massive spike in the price of animal feed, which along with other factors is expected to lead ...