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Folks stroll in downtown Nicosia, Cyprus, April 22, 2022. (Picture by George Christophorou/Xinhua)
The inflation for the entire 12 months of 2022 recorded a rise of 8.4 p.c, in comparison with the earlier 12 months.
NICOSIA, Jan. 7 (Xinhua) — Cyprus’ inflation price is really fizzling out, however it nonetheless stands at a excessive stage, Marios Drousiotis, president of the Cyprus Shoppers Affiliation, mentioned on Saturday.
The inflation is constant a downward path because it peaked at 10.9 p.c in July 2022, Drousiotis instructed CyBC radio.
The annual inflation in Cyprus eased to 7.9 p.c in December 2022, in accordance with the preliminary information launched by the Cyprus Statistical Service on Thursday. Nevertheless, the inflation for the entire 12 months of 2022 recorded a rise of 8.4 p.c, in comparison with the earlier 12 months.
Commerce unions in the private and non-private sectors have threatened to carry strike actions ought to employers fail to comply with the restitution in stuffed with a value of dwelling allowance system, officers from commerce unions instructed CyBC radio. ■
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