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

Fighting the inflation dragon

The ECB announced its decision to raise the three key interest rates by 25 basis points amid persistent inflation, which “is still expected to remain too high for too long.” According to

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Price increases for most staple foods

In July, the Prices Observatory conducted by the Consumer Protection Service (CPS) recorded increased prices for 32 out of 45 categories of staple foods. There were price deductions for 13 staple food categories. However,

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Annual inflation dropping

The annual inflation rate in Cyprus was 2.4% in July, dropping from 2.8% in June and 10.6% in July 2022, according to Eurostat, the statistical office of the EU. Inflation also dropped

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