The government is under attack from consumers for standing by as motorists face a rollercoaster ride of petrol price increases. President of the Cyprus Consumers Union and Quality of Life, Loucas Aristodemou,
In July, Cyprus prices rose for the fourth month in a row, as the consumer price index rose 4.04% year-on-year, following a 3.14% increase in June. Transport prices grew 10.12% annually in
Cyprus’ economic sentiment in July dipped 4.7 points from June, reflecting worsening consumer confidence and weaker business activity in services. Uncertainty among firms in all sectors and consumers painted a gloomier outlook.
While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator. The indicator reached 81.6 points
Consumers were lining up outside malls and electronic goods stores in the hope of a Black Friday bargain deal. Shoppers were attracted by ad campaigns of stores promising sales of up to