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:
- Electricity to be cut in two areas of Nicosia tomorrow
- Blood donation drive "One drop — one life" to be held at Ercan on April 7–8
- Science and Technology Festival for Children and Families in Nicosia
- Heavy rain and gusty winds expected in Northern Cyprus until tomorrow
- European University of Lefke students win international game development competition
