May inflation equals 40-year high

Cyprus is witnessing the highest inflation rate recorded in four decades, with May equalling the 9.1% registered in February 1982. The highest inflation rate Cyprus endured was 10.8% in 1981. The news

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Hiking fuel prices limits journeys

Motorists are limiting the use of their vehicles to save on petrol as pump prices continue to break new records. Boosted the war in Ukraine, fuel prices on Monday were at record

Electricity prices to stay high until 2023

No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told customers their power bills would not drop before next year.

Business as usual, say supermarkets

Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices in check. The executive secretary of the Pancyprian Supermarkets Association,

Cost of living continues to bite

Cypriot consumers are being hit by one nasty shock after another, as prices for basic foodstuffs increase from 10% to over 100% in just a few months, with demand for government intervention

No stopping soaring petrol prices

Consumer organisations have raised concerns over the hike in prices at the petrol pumps as another increase hits the already worn-out pockets of motorists. Petrol is sold up to seven cents more

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