Playing the Grinch

By Craig Erlam Stock markets are going into the festive period in a downbeat mood, as central banks this week reaffirmed their commitment to raising rates. The prospect of a Santa rally

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All eyes on U.S. CPI

By Craig Erlam Stock markets are tentatively higher in Asia Tuesday, while Europe and the US are poised for a similarly modest start to trade in what is the start of a

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Turkish Cypriots pounded by inflation

Turkish Cypriots are seeing their purchasing power disappear, as prices of essential goods have skyrocketed within the past year, with inflation in the north recording a year-on-year 120% increase in October. According

October price inflation at 8.8%

Inflation in Cyprus was recorded at 8.8% in October, up from 8.7% in September on the Consumer Price Index, lower than the estimated 10.7%-euro area inflation. It increased by 0.89 units and

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