Cyprus inflation sticks at 3% despite VAT relief measures, data shows

Cyprus’s annual inflation rate remained stuck at 3% in January despite government measures offering zero-rate VAT on essential goods until the end of 2025, Eurostat data showed on Monday. The figure marks a significant increase from 2.1% recorded in January 2024, though well below the 6.8% seen in January 2023, according to the European Union’s … Continue reading Cyprus inflation sticks at 3% despite VAT relief measures, data shows