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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NFP report disappoints markets

By Naeem Aslam   The US jobs number failed to bring a massive surprise on either side. Non-farm payrolls rose by 187,000 in July, falling short of the market expectation of 200,000 and

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UCY: 2023 GDP growth, inflation at 3%

GDP growth and inflation will drop to 3% in 2023, according to forecasts of the University of Cyprus’ Economic Research Centre. The ERC noted the projection for 2023 remains unchanged compared to

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Inflation at two-year low 2.8%

Harmonized inflation plunged in June to 2.8% compared to last year, falling to the lowest level in nearly two years due to a significant drop in energy prices. A year earlier, the annual

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