Cyprus Business Now: inflation eases, GITEX partnership, FINOM appoints new CFO

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday.

The report showed that the food and hospitality sectors continue to drive inflationary pressures, while transport costs exert a downward influence.

Specifically, the Consumer Price Index (CPI) increased by 0.37 units in August 2024, reaching 118.10 units compared to 117.73 units in July 2024.