Easter table is 20% more expensive

Cypriots celebrating a traditional Easter feast at home are paying 20% more to put a spread on the table than last year, said the government’s consumers’ protection service. In comments to state

High inflation is the future

Economists and authorities in Cyprus are increasingly concerned an inflation surge hitting the island will become a tidal wave, lasting for some years as a “de-globalisation” process is set into motion. Government

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Meat, veg prices soar

No end to hiking inflation is in sight as a slew of essentials items, including cooking oils, meat and vegetables, saw their prices skyrocket in recent days. According to the latest monthly

Turkish Cypriots march against poverty

Thousands of Turkish Cypriots have taken to the streets, spurred by soaring inflation that has left many struggling to make ends meet, with demonstrators linking the financial demise to the north’s political

Essential goods more expensive in north

Turkish Cypriots are enduring one of their worst financial crises in recent years, with inflation officially hitting 83.94% in March, turning essential goods into luxury items that carry a price tag much

Inflation hits record high 7.1% in March

Increases in petrol prices, electricity and other utility bills, fruit and vegetables have driven inflation up in March to a record 7.1%, according to the Cyprus Statistical Service. Inflation continued its upward

More price shocks after Easter

According to retailers, consumers can expect more nasty price shocks as the cost of essential goods and petrol will continue to soar. Prices of essential goods, already on the rise due to

No end to rising oil prices

Ever since Russia’s invasion of Ukraine, the price of oil has been rising relentlessly. On February 24, Brent crude was trading at $95/barrel. However, following President Biden’s announcement that the US is

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