Inflation decelerates in October

Cyprus’ inflation rate showed signs of decelerating in October following two months of price increases, dropping 0.7% to 3.5%. According to data from the Cyprus Statistical Service, the October Consumer Price Index

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Annual inflation rises, drops in EU

Annual inflation in Cyprus increased to 4.3% in September, up from 3.1% in August, bucking the downward trend in the wider EU. A year ago, Cyprus’ inflation rate was 9.0%, according to

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Food inflation rampant

Cost-of-living continued to hike in September, with consumers receiving the largest shock in their groceries, as fresh produce prices increased 45.8%, compared to last year when they receded 17.8%. The second biggest

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Leaving inflation unchecked is bigger threat

The cost of leaving inflation untamed is much higher for households and businesses, said Central Bank Cyprus governor Constantinos Herodotou. Addressing the 14th Limassol Economic Forum in Limassol, Herodotou referred to the

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Food, petrol prices push up inflation

Rising food and pump prices took annual inflation higher in September, surging to 4.0%, according to the Consumer Price Index (CPI). The CPI increased by 1.33 units, reaching 117.67 units, from 116.34

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ECB determined inflation returns to 2%

The European Central Bank is determined to promptly ensure that inflation returns to its 2% medium-term target, said ECB Vice-President Luis de Guindos. In his keynote speech at a Central Bank of