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Cyprus consumer prices increase in February
The harmonised index of consumer prices in Cyprus (HICP) witnessed a notable increase of 2.1 per cent in February 2024, in comparison to February 2023, according to a...
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Oil prices edge lower but set to end week over 3 per cent higher
Oil prices edged lower on Friday but were on track to gain over 3 per cent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts...
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Harmonised Index of Consumer Prices (HICP): February 2024
The HICP rose by 2,1% between February 2023 and February 2024, and increased by 0,8% in the month between January 2024 and February 2024. For the period January –...
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Industrial output prices down 2.9% in January
The Index of Industrial Output Prices for January 2024 declined by 2.9% compared to the same period in 2023, mainly due to a decline in the electricity supply sector....
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Petrol and diesel prices in Türkiye hiked
Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at...
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As Argentina food prices soar, more people scavenge to survive
Sandra Boluch, a fruit and vegetable seller in Buenos Aires, is seeing a worrying trend as inflation soars over 250%: sliding sales and more people scavenging for what...
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Cyprus sees sharp rise in fresh produce prices in February
The price of fresh vegetables saw a substantial increase of 26.5 per cent in February, when compared to the previous month, according to a report by the Cyprus Consumer...
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UK house prices rise for 5th consecutive month
British house prices rose for a fifth month in a row in February, climbing by 0.4 per cent from January, according to data from mortgage lender Halifax on Thursday that...
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Food prices surging uncontrollably, as vegetables see 26.5% monthly rise
In February, the price of fresh vegetables rose by 26.5% compared to January, according to data by the Cyprus Consumers’ Association, based on the Consumer Price...
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Oil prices hold gains on upbeat trade data
Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after US data showed a smaller-than-expected rise in crude...
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Fuel prices to surge as tax relief ends and green tax kicks in
Significant increases in fuel prices are expected by the end of the month, following the President’s clarification that the across-the-board reduction in consumption...
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Fuel prices soar, consumers brace for double blow
Fuel prices are on an upward trajectory week by week, with an approximate increase of 13 cents per liter. Speaking to Oriana Papantoniou on Diaspora News, Spor FM,...
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Global home prices set for a gentle climb in a tight market
Home prices in most major property markets will rise modestly this year and next, according to a Reuters poll of housing specialists, who expected the shortage of...
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Column: Oil prices rise as funds scale back bearish positions
By John Kemp* Investors have become less bearish about the outlook for oil and gas prices as U.S. shale producers scale back drilling while Saudi Arabia and its OPEC+...
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Fuel prices rising
Fuel prices are rising every week, signalling that with the end of the reduction in fuel consumption tax until March 31, prices will become even higher, always taking...
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U.S. dollar, gold prices surge to historic highs in Türkiye
The value of U.S. dollar and gold surged to historic highs in Türkiye as local residents continue to contend with persistent inflation. In his most recent article...
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How natural gas could reduce electricity prices
Cyprus inability to benefit from LNG because of the Vasilikos debacle is proving to be costly European gas prices have tumbled down to levels last seen before...
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Food prices stabilise in February
Inflation remained steady in Cyprus in February, at a time when there is a list of products with zero VAT rate from November 1, 2023, until April 30, 2024, and the...
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Chocolate prices soar due to cocoa shortage
The unusually high temperatures on one hand, and the intense rainfall that destroyed cocoa crops in West Africa on the other, have led to a 153% increase in cocoa...
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UK house prices rise for first time in over a year, lender Nationwide says
British house prices in February rose in annual terms for the first time in more than a year, mortgage lender Nationwide Building Society said on Friday, the latest...
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Masked men in Gaza enforce prices in street markets
Armed, masked men in Gaza have started patrols to stop traders profiteering in Rafah, where more than a million displaced Palestinians are taking shelter from Israel’s...
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Olive oil prices spike 49% in Cyprus
In January 2024, the price of olive oil experienced a significant surge, with Cyprus leading the pack with a remarkable 49% increase, according to data released by...
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Chocolate product prices set to surge
Significant increases in chocolate products will be seen by consumers in the coming period. Already, Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd announced to...
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Olive oil prices surge
A 49% increase in Cyprus and a 50% increase in the European Union were recorded in the price of olive oil in January 2024 compared to January 2023, according to data...
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Oil prices rise amid concerns about Red Sea attacks on shipping
Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents,...