Cypriot consumers are becoming increasingly conservative in their shopping habits, chasing discounts while opting for cheaper products, say retailers. The change in consumer psychology comes amid the highest wave of inflation in
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
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
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 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
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
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
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
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
Economic sentiment rose by 2.5 points in October, despite fragile consumer confidence as prices continue to rise, a monthly survey by the University of Cyprus has shown. The Economic Sentiment Indicator (ESI-CypERC)