Economic sentiment at 17-month low

Economic sentiment deteriorated in August to a 17-month low, as the University of Cyprus index decreased by 4.5 points from July amid a cost of living crunch. The decrease in the ESI-CypERC

Cypriot shoppers stick to essentials

With higher prices at supermarkets and petrol pumps, Cypriot consumers are changing their shopping habits, limiting their spending to essential items, say retailers. In May, the Statistical Service said Cyprus saw its


Cost of living continues to bite

Cypriot consumers are being hit by one nasty shock after another, as prices for basic foodstuffs increase from 10% to over 100% in just a few months, with demand for government intervention

No stopping soaring petrol prices

Consumer organisations have raised concerns over the hike in prices at the petrol pumps as another increase hits the already worn-out pockets of motorists. Petrol is sold up to seven cents more

Consumers brace for ‘perfect storm’

Consumers have been told to brace for a ‘perfect storm’ on prices of essential goods, particularly food and fresh produce, as an increase in demand following the pandemic, rough weather conditions and


Fuel price cut goes up in smoke

Motorists in Cyprus are back to reaching deep into their pockets to fill up their vehicles, following a short-lived respite after the government’s intervention to slash the consumer tax on fuel. Under


Lack of Nat gas good for consumers

Despite Cypriot consumers paying a high price for the delays in the arrival of natural gas, a jump in the market price has played out in Cyprus’ favour. The island is one

Black Friday off to slow start

Many retailers reported their Black Friday sales campaigns were off to an underwhelming start as inflation and the worsening coronavirus landscape have taken their toll on consumer psychology. Shopkeepers were banking on

Consumers fret over price hikes before Christmas

Consumer associations are concerned over spiralling prices this Christmas making the festive table and gift-giving more expensive. In comments to the Financial Mirror, the Cyprus Consumer Association chair, Marios Drousiotis, said prices