Cyprus Business Now

Starting with the consumer goods market, the latest data from the Consumer Product Price Watch, released by the Consumer Protection Service, highlights a significant uptick in prices. In June, 28 out of 45 basic product categories experienced price increases, with 24 of these rising by less than 3 percent from the previous month. Rising fuel prices in May and June, coupled with higher food inflation, have propelled overall inflation from 2.4 percent in April to 2.9 percent in June. This inflationary trend is most evident in food prices...