Cyprus Business Now: inflation, bouncing cheques, AI in healthcare

The rate of inflation in Cyprus hit a three-year low of 0.7 per cent in September, mainly due to the fall in oil prices. According to the Cyprus Statistical Service (Cystat), the Consumer Price Index (CPI) for September 2024 rose by 0.38 points to 118.48, compared to 118.10 in August 2024.

Notably, the largest price decrease in economic categories was observed in petroleum products, with rates dropping by 11.40 per cent compared to September 2023, and 4.78 per cent from the previous month.