Dining out becomes challenging

As the cost of living surge takes its toll, keeping up a vibrant social life has become an arduous endeavour, as dining out and ordering food are becoming increasingly elusive luxuries for

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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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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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Cyprus quarterly house prices drop

In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according

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Green tax on petrol prices

No relief for motorists is in sight from hiking petrol prices, as the government is contemplating new fuel taxes as part of a green taxation reform imposed by the European Union. The

Olive oil is a luxury item

From a necessity in every Cypriot kitchen, olive oil is becoming a luxury item as its price has doubled since last year, and farmers’ associations expect to see it reach €10 per

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