Inflation spikes 5% on energy prices

August inflation in Cyprus spiked by an annual 5%, pushed upwards mainly by rising energy prices. The Consumer Price Index increased by 1.59 units and reached 104.09 units compared to 102.50 units

Fuel prices are burning consumers

The resurrection of demand in the global economy has driven up crude oil prices, the main component of fuel at petrol stations. But according to an executive director of a fuel distribution


Consumer prices rise 4% in July

In July, Cyprus prices rose for the fourth month in a row, as the consumer price index rose 4.04% year-on-year, following a 3.14% increase in June. Transport prices grew 10.12% annually in

House prices stable, property rentals drop

Cyprus real estate prices & rentals recorded quarter-on-quarter drops across most property categories, but house values remained stable, according to consultancy firm WiRE FS. Paphos had some of the biggest quarter-on-quarter drops