Northern Cyprus: annual inflation has approached 40%
New data on the rise in the cost of living have been officially published in Northern Cyprus. According to statistics, annual inflation reached 39.45%, while prices have increased by a further 21.66% over the past six months.
The figures reflect the ongoing rise in the cost of goods and services amid economic instability and growing household expenses. Experts note that the most significant price increases continue to be linked to food, housing, utilities, and transport.
The published figures have intensified public discussion about the population’s purchasing power and the need for support measures, especially for families with fixed incomes.
Author
I am originally from St. Petersburg — a city with a unique character and rhythm. My professional life began rapidly: at just 16, I plunged into the world of global events. The World Cup, the roar of Formula 1 cars in Sochi, the energy of VK Fest, and the backstage of Fashion Week — I always…
You may also be interested in:
- Meteorological Service warns of dusty weather until Monday
- Doctors call on the minister of health and the government to resign
- In Cyprus, cameras will start recording phone use and seatbelt violations
- Accident in Kyrenia: one car involved in two crashes in one night
- Fikri Ataoğlu: Northern Cyprus to continue promotion in various regions of Turkey
