Increases in petrol prices, electricity and other utility bills, fruit and vegetables have driven inflation up in March to a record 7.1%, according to the Cyprus Statistical Service. Inflation continued its upward
By Craig Erlam Equity markets nudged higher at the end of the week after suffering losses on Thursday earlier, as the consolidation phase continues. This continues to be a very headline-driven market
In the last quarter of 2021, the average hourly labour cost in Cyprus was estimated to have edged up by 1.6%, compared with the same quarter of the previous year, according to
By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks traded higher Tuesday morning, while European shares rose after Fed Chair Jerome Powell struck a more hawkish tone on monetary policy. In
By Heather Scott US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.
Cyprus expects to be hit the hardest in the sectors of tourism and energy supplies, a senior government official told the EU finance ministers’ meeting (Ecofin) in Brussels, echoing warnings from rating
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.
Russia’s invasion of Ukraine and subsequent economic sanctions have increased risks to the global economic outlook, Moody’s Investors Service said in a report on Friday, adding that the magnitude of the effects
Petrol prices, electricity, fruit and vegetables have driven inflation up in February to 6.6%, according to the Cyprus Statistical Service. In February 2022, the Consumer Price Index increased by 1.27 units to
By Han Tan, Chief Market Analyst at Exinity Group Brent crude oil futures have broken above $110 for the first time since 2014 as OPEC+ prepares to discuss its production plans for
