8 d. ago Cyprus house prices continue to rise in first quarter of 2025

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published by the Central Bank of Cyprus (CBC). The increase came amid a slowdown in apartment price growth and a faster pace of increase in […]

Politics

9 d. ago UK food prices push up shop price inflation for first time in nearly a year

British food prices accelerated by the most since March 2024 in June, pushing up overall shop prices rose for the first time in nearly a year, according to a survey from a retail industry group which warned price pressures may rise again. Food prices jumped by 3.7 per cent compared with June last year, speeding […]

Economics

9 d. ago Rising prices signal tougher period ahead, says borrowers association

Rising prices in raw materials, fuel, energy and basic food items are only the beginning of a more difficult economic cycle that lies ahead, according to Costas Melas, president of the Cyprus Borrowers Association (Syprodat). In a statement released this week, Melas said that “it is of critical importance for the state to act immediately […]

Politics

2 w. ago British grocery inflation hits 4.7 per cent, highest since February 2023

British grocery price inflation rose to 4.7 per cent for the four weeks to June 15, its highest level since February last year, dealing another blow for low-income households, data from market researcher Kantar showed on Tuesday. The figure, which compared to 4.1 per cent in last month’s report, was driven by price rises in […]

Events

3 w. ago Cyprus’ petrol prices begin to rise amid Middle East conflict

Petrol prices in Cyprus have begun to rise as a result of the ongoing conflict between Iran and Israel, with petrol station owners’ association chairman Savvas Prokopiou on Thursday saying two importing companies had raised their wholesale prices the previous day. Speaking to the Cyprus News Agency, he added that he expects Cyprus’ remaining fuel […]

Events

4 w. ago Fuel prices to go through the roof, petrol station owners say

Fuel prices are expected to rise sharply as a result of escalating tensions in the Middle East, chairman of the association of petrol station owners Savvas Prokopiou said on Friday. “Unfortunately, an increase is expected [ ] and this time it will be steeper, as the price of crude oil rose by $10 per barrel within […]

Politics