The Harmonised Index of Consumer Prices (HICP), an indicator of inflation and price stability, rose by 2.1% in Cyprus in January this year, compared to January 2023, and decreased by 1.2% month-on-month
Concerns rise as consumers grapple with high cost of living The consumers’ association is deeply concerned over the rise in the cost of living, as a deceleration of inflation seems to be
Real GDP growth in Cyprus is estimated to have slowed from 5.1% in 2022 to 2.4% in 2023, with economic growth projected to stay at 2.4% this year and to improve to
Cyprus soon to feel impact of Red Sea disruptions Market stakeholders warned against early celebrations over a downward trend in inflation, citing that ongoing attacks by Yemen’s Houthi rebels on vessels
Consumers in Cyprus will be called to dig even deeper into their pockets as inflation is set to take off once again, following commercial disruption caused by the attacks of the Yemen-based
By Craig Erlam The Bank of England may be much closer to cutting interest rates than it admitted last week, when three policymakers thought it still appropriate to hike again. Inflation data
Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
By Craig Erlam Eurozone inflation fell further than expected in October, leaving the headline HICP rate within touching distance of the ECB’s 2% target. While policymakers have continued to push back against
By Craig Erlam We saw a more muted session in financial markets on Thursday following a couple of days in which investors have been very encouraged by the economic data. Inflation figures
By Craig Erlam It’s been a relatively uneventful start to the week, but the next couple of days could be hugely important as the US and UK release inflation figures for October.
