CYPRUS: Tsunami of increases in basic necessities

Difficult Winter for the Cypriot consumer

super market price increase, Economy

Cypriot households are facing a very difficult winter as increases in a number of basic necessities have already begun to be observed, due to rising energy and fuel prices. According to what he stated to "K", the President of the Cyprus Consumers Association Mr. Marios Drousiotis, the main categories that showed an increase in the period January - September 2021 are:

  • Food and non-alcoholic beverages: 5%
    • Fruits and vegetables: 21%
    • Eggs 4,5%
    • Bread: 2%
    • Meat 2%
  • Clothing and footwear: 11%
  • Housing, water, electricity and gas: 8%
  • Transport: 10%

It is noted that only the prices of potatoes decreased while a slight decrease is observed in fresh and frozen fish.

According to the Statistical Service of Cyprus, the Consumer Price Index (CPI) in September 2021 decreased by 0,06 points and reached 104,03 points compared to 104,09 points in August 2021. Inflation in September 2021 increased at a rate of 4,1 , 2021%, while in August 5 it had risen to 2021%. For the period January-September 1,8, the CPI increased by XNUMX% compared to the corresponding period last year.

Heating oil increased by 238 euros

Regarding fuel, Mr. Drousiotis noted that from January 1, 2021 until today, the price of gasoline has increased by 26 cents per liter, diesel 27 cents and heating oil 24 cents per liter. This, according to him, means that if someone wants to fill his empty tank of one thousand liters today, he will pay 238 euros more than he would pay in January.

Bigger and continuous increases are coming

The increases in energy and fuel prices have brought chain increases to other goods, said Drousiotis, noting that the pandemic helped to start this "tsunami" of increases, which, as he said, is still in its infancy. "In the next 3-6 months we will experience even bigger and continuous increases", he added and appealed for the state to adopt a social policy to support the vulnerable groups of the population this winter.