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Home prices increased 5.3% in 3rd quarter of 2022
The House Price Index for the third quarter of 2022 registered an annual increase of 5.3% to 112.51 points, according to a preliminary estimate published by the...
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House Price Index: 3rd Quarter 2022
According to preliminary estimate of the Statistical Service, the House Price Index (HPI) for the third quarter of 2022 amounts to 112,51 units. Compared to the second...
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Fuel prices have dropped, but increases are anticipated
Kathimerini.com.cy On January 8, 2023, the cost of 95 gasoline was 44 cents less per liter than it was on July 12, when it reached an all-time high of €1.828 per...
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Consumers see no benefit as petrol and diesel prices fall
The price of petrol fell by 44 cents per litre on January 8 from its historic high of €1.8 per litre recorded in July, according to the Cyprus Consumers...
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Tesla slashes prices in China, other Asian markets as sales stumble
Tesla (TSLA.O) cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the...
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Eurozone annual inflation eases to 9.2 pct on lower energy prices: Eurostat
Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 percent year-on-year, according to preliminary data...
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World food prices hit record high in 2022
World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since...
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Looking ahead to 2023: House prices in Cyprus
Pavlos Louizou considers the factors that will affect house prices in Cyprus in the year ahead given inflationary pressures and other factors.
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Looking ahead to 2023: House prices in Cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and...
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Consumer Price Index (CPI): December 2022 Inflation 7,9%
In December 2022, the Consumer Price Index decreased by 1,12 units and reached 113,43 units compared to 114,55 units in November 2022. In December 2022, the inflation...
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Construction materials prices up 12.65%
The price index of construction materials rose 12.65 per cent in November on an annual basis, while falling by 0.58% compared with October according to the Cyprus...
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Priced out of the market, spiralling property prices
2022 in review: cheaper housing is in short supply There’s a lot to whine about and I’m generally pretty good at it, so here goes: decent housing is largely...
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UK house prices end 2022 on a weaker note after pandemic boom
British annual house price growth marked a further “sharp” slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the...
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Gold price as unpredictable as in 2022
By Stefan Nolte As we approach the end of the year, investors are anticipating the year ahead and what to expect for precious metals like gold. The gold price was highly...
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Economic weakness set to weigh on oil price in 2023
Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply...
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Gold price soars in Egypt as local currency weakens
The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise scarce...
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Fuel prices at pre-war levels
After reaching an all-time high in the summer, fuel prices at petrol stations have subsided to levels before the war in Ukraine and sanctions on Russia, which catapulted...
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Tesla used car price bubble pops, weighs on new car demand
Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to...
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Oil prices slide on worries about China COVID surge, possible global recession
Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery as it unwinds its...
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Putin bans Russian oil exports to countries that imposed price cap -decree
President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signi ng a decree that bans the supply of oil and oil...
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Oil prices rise as China eases COVID curbs, US storm fuels supply worries
Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions spurred fuel demand hopes, while concerns that winter storms across...
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Low supply is driving the price of meat up, says consumers association
The low supply of meat has led to a 36 per cent hike in the price of turkey this year, and 16 per cent for pork, the consumers association said on Friday. As people...
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Christmas meat prices up, basket of 35 items for family of four will cost €166
By Andria Kades and Nick Theodoulou The quantity and quality of products on the market are excellent, and consumers should have zero concerns about what they’re buying,...
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UK’s Nationwide forecasts 5 per cent house price fall for 2023
British house prices look on track to drop by about 5 per cent next year, as home-buyers face higher interest rates, a squeeze on disposable income and a potential rise...
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EU energy ministers finally agree on gas price cap to contain energy crisis
European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame...