Economy category powered by

Olive oil and potatoes see biggest annual price increase in August

08:16 - 06 September 2024

Economy Reporter

The price of olive oil and potatoes recorded the highest annual increase in August, according to data from the Consumer Price Index, processed by the Cyprus Consumer Association.

More specifically, the price of olive oil increased by 62% in August 2024 compared to August 2023, while the price of potatoes increased by 29% in the same period.

According to the data, ticket prices for passenger buses and coaches also increased by 26% and fresh vegetables recorded an increase of 19%.

The biggest decrease in August 2024 compared to the same month of 2023 was recorded in the price of sugar, by 27.6%, while, according to the data, prices for international flights are also down by 13% compared to last year.

Compared to July 2024, in August 2024 the biggest price increase was for fresh vegetables, by 25%, for vegetables by 18% and for potatoes by 16%. For the same period, the largest decreases were recorded for fruits by 6% and frozen seafood by 4%.

(Source: CNA)

News Feed

Read More

Cyprus’ job vacancy rate remains at 3.0% in Q2 2024
Public sector employment in Cyprus up 3.3% in Q2
The scale of economy exceeds current demographic potential, Labour Minister says
Bank of Cyprus follows ECB's lead and reduces interest rate on loans by 0.60%
Upgrading maritime education of primary importance, Deputy Minister says
President Christodoulides sees progress in GSI talks and interest from other countries
January-August 2024: Highest passenger traffic ever recorded in Cypriot airports
Israel's Energy Minister Eli Cohen emphasises GSI project's importance to country
Michalis Panayides: Acquisitions and mergers are a new trend in the supermarket industry
Government employment up 3.9% in January-August 2024