inflation

Demand for home, car loans suppressed in May compared to March and early April
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Consumers all across Europe and Cyprus are feeling the burden of rising prices on electricity, gas, fuel and almost all commodities on supermarket shelves since mid-2021. No one can predict with certainty what the future holds in store…
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The rising prices of electricity and fuel maintain an unprecedented wave of expensiveness, with the prices of main products skyrocketing every month, emptying the wallets of consumers. Inflation in May 2022 jumped to 9.1% (the highest…
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The Parliament on Thursday approved the state’s first supplementary budget for fiscal year 2022, amid criticism that the government keeps wasting taxpayer money on mass rapid tests for COVID while skimping on aid to farmers hit hard by…
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Petroleum prices are expected to rise in coming days in Cyprus as for now the average Petrol Price of unleaded 95 now at €1.81 per litre and it is expected to rise more in coming days. An economic whirlwind is hitting consumers amid…
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Cyprus’ Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the same month last year, according to data published by the island’s Statistical Service (CyStat) on…
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President Anastasiades on Friday chairs a special ministerial meeting that will focus on possible additional measures to tackle rising inflationist pressures in Cyprus fueled by the Russia invasion of Ukraine. Inflation in April rose to…
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