Inflation hit main Valentine’s Day products

08:15 - 15 February 2024

Economy

The prices of key products or services offered on Valentine’s Day saw increases ranging between 0.7% and 9.7% in 2024 compared with 2023, data gathered by CyStat for January this year show.

Jewellery prices recorded the greatest increase, by 9.7% this year compared to January 2023. Hotel and motel prices followed with an annual increase of 9.5%; chocolate prices were up 7.7% and women's hairdressing prices were up by 6.3%.

At the same time an increase of 5.7% has been observed in personal grooming therapies, 5.6% in restaurant and cafeteria prices, 5.2% in plants and flowers, and 3.8% in patisserie products.

Wine prices were up by 2.1%, women's clothing by 1.6%, men's clothing by 1% and watches by 0.9%.

On the other end of the spectrum, according to the data, cinema, theatre, and concert tickets were down by 0.1% while stationery prices were down by 3.4%.

General government surplus of €551.2m in first five months of 2025

China Enterprises Chamber in Cyprus holds first annual meeting in Limassol

Mouzourides: The economic footprint of FIBA EuroBasket and why it is a unique opportunity for the hotel sector

Car registrations on the up- The brands with the most demand for new and used cars

Cyprus ranks first in EU in reducing Stage 2 loans by end of 2024, according to EBA report

Annual industrial production up by 3% in April, 3.8% in Q1 2025

Annual petroleum product sales increase of 9.9% in May, 2.5% since January

Cyprus a leader in solar energy use for water heating, says Energy Minister

Association of Large Investment Projects: Reforms for a resilient economy, let's capitalise on positive developments

Parliament green lights €100m for 'haircut' depositors and bondholders

Inflation hit main Valentine’s Day products

News Feed

Read More