Inflation hits 25-month low

Cyprus’ annual inflation reached its lowest level in 25 months in June, hovering at 1.9%, mainly due to the decline in food prices. According to the Statistical Service, the Consumer Price Index


House prices climbed 5.9% in Q1

The House Price Index (HPI) recorded a 5.9% annual increase for the first three months of 2023, marking its fifth consecutive quarterly growth, according to a preliminary estimate by the Cyprus Statistical


Fuel prices to drop by three cents

Fuel prices are set to decrease by three cents per litre in the coming days, Energy Ministry spokesperson Constantinos Karagiorgis said. “It is expected that in the next few days, either this

MOODYS: UK house prices to fall 10%

Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK housing market, a Moody’s analysis predicts. “We expect a decline of up to 10% in

May inflation drops to two-year low

Annual inflation in Cyprus dropped to 3.01% in May, continuing its downward trajectory for a seventh consecutive month, mainly driven by the reduction of fuel prices. Price inflation in May marked the


Zero VAT on essential items

The government will remove VAT on some foodstuffs to relieve households from inflationary pressures and a hike in interest rates, announced Finance Minister Makis Keravnos. Despite March seeing the lowest inflation rate

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