How much did product prices increase in the last three months in Cyprus?
See in detail how much product prices have increased in the last three months in Cyprus
The Consumer Protection Service, in an announcement, announces the completion of the investigation to collect data regarding the levels of average retail prices of Basic Consumer Goods that were valid on 7/12/2022.
This Observatory is held on a monthly basis and includes fixed products and pricing areas. Its purpose is to monitor the fluctuation of prices of basic consumer goods and to draw relevant conclusions.
The Consumer Protection Service clarifies that the Price Observatories are prepared exclusively for the purpose of assistance / general information of the consumers and in no case do they constitute advice. Price Observatories are not intended and can not replace the market research that each consumer should do based on their own preferences, data and needs, nor are they intended to indicate to consumers the points of sale they will choose.
It is particularly noted that some of the products included in the Observatory have quality differences that cannot be taken into account in the results of a Price Observatory. For this purpose, the Consumer Protection Service urges consumers to do substantial market research before proceeding with purchases, in order to find the products and prices that meet their requirements.