inflation Archives - Page 18 of 22

Tourism, energy to be worst hit from Russia fallout

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

16th March 2022

Cyprus/Economy

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

Russia-Ukraine conflict increasing inflation pressures, says Moody’s

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

4th March 2022

Markets/World

Cyprus inflation rises to 6.6%

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

4th March 2022

Business

OPEC+ eyes gradual stance amid Ukraine crisis

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

2nd March 2022

Energy/Markets/World

Cyprus inflation at 13-year high

Cypriot consumers have seen their purchasing power reduce by more than 5% compared to a year ago as inflation hit a 13-year record high in January. If this wasn’t bad enough, consumers

27th February 2022

Cyprus/Economy

Workers across Turkey strike as inflation bites

Soaring inflation in Turkey has propelled a wave of strikes unlike any the country has seen since the 1970s, as workers demand more money to counter the shrinking value of their pay.

23rd February 2022

World

Oil’s next surge to increase inflation angst

By Han Tan, Chief Market Analyst at Exinity Group Oil prices are cooling further from recent multi-year highs following the EIA’s raised forecasts for US production this year and next, which they

10th February 2022

Energy/Markets/World

Stocks struggle for direction as bond yields surge

By Hussein Sayed, Chief Market Strategist at Exinity Last week saw risk assets climb, with the S&P 500 gaining 1.6% as investors rushed to buy the latest dip in equities. The better-than-expected

8th February 2022

Markets/World

Inflation, China, Omicron: Top 3 headwinds in 2022

Investors need to brace themselves for three major headwinds in 2022 and a failure to take action could result in a ‘hammer blow’ to their finances, warns the CEO of a global

27th December 2021

Markets/World