cost of living Archives - Page 2 of 2

Turkish Cypriots bashed by cost-of-living crisis

Eight out of ten Turkish Cypriots are unable to make ends meet, according to a recent survey carried out in the Turkey-occupied north of the island. An opinion poll conducted by the

25th May 2022

Cyprus

Cabinet to decide on cost-of-living measures

There were no decisions Friday on measures to buffer hiking inflation, diminishing Cypriots’ purchasing power, as the government postponed action until next week. Following the meeting on Friday, government spokesperson Marios Pelekanos

20th May 2022

Cyprus/Economy

Unions want beefed up cost of living allowance

President Nicos Anastasiades stating the cost-of-living adjustment (CoLA) covers lost income from high inflation has triggered a reaction from unions calling on the government to fully reinstate the mechanism. Trade unions demanded

20th May 2022

Cyprus/Economy

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

17th May 2022

Cyprus

Cost of living squeeze the new normal

Inflation is the rate of increase in prices, meaning that you need more money to buy the same product or service. By extent, if your salary remains the same, your purchasing power

13th April 2022

Business/Comment

Lagarde: Cost of living to spiral as Ukraine war rumbles on

European Central Bank President Christine Lagarde warned Wednesday that a prolonged Ukraine conflict would keep energy prices and the cost of living for Europeans spiralling. During her visit to Cyprus, she said

30th March 2022

Europe

Finance Ministry ups 2022 inflation forecast to 4%

The Finance Ministry has revised its inflation forecast for Cyprus this year from an initial 1.5% to 4%, amid a hike in fuel prices in the aftermath of Russia’s invasion of Ukraine.

16th March 2022

Cyprus/Economy