Economy category powered by

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%.

News Feed

Read More

Retail trade up 5.6% in both value and volume in March
Cyprus records €580.6m budget surplus in Q1 2025
Altia: Successful Annual Business Lunch with Real Estate Partners
Tender for 5-star Hotel & Apartments in Geroskipou
Cyprus’ Generation Z Speaks: First insights from Leonidas Alexandrou’s landmark study
Final investment on Cyprus gas project could come next year, says TotalEnergies CEO
Jamie Oliver Kitchen Limassol presents: A unique wine tasting experience with Santa Margherita
RSM Cyprus walks the path of hope with 'Christodoula's Suitcase,' organised by the Cyprus Anti-Cancer Society
Public consultation launched for new 'AI in Gov’t' programme
The award-winning products at the 12th IN Business Grocery Retail Awards (pics)