Voice Cyprus News
FeaturedCyprusLocal News

Both sides of Cyprus face high prices!


Prices have rocketed on both sides of Cyprus. While no measures have been taken against the increasing prices in North Cyprus for the past year, South Cyprus has eradicated the VAT applied to basic goods to combat the high prices.

According to the Consumer Price Index prepared by the North Cyprus Statistical Institute, the cost of living has increased by 5.30 % in comparison with March, 15.46% in comparison with December 2022 and 67.34 % in contrast to April last year (2022).
According to Yenidüzen, the data shared by the Statistical Institute revealed that out of 526 items, the average prices of 493 items had increased, while the average prices of 87 items decreased compared to March.


According to the data, tomatoes topped the highest price with an increase of 76.70% compared with March prices.

The highest price increase annually since April 2022 was onions with 259.84 %.
Yenidüzen cites the Chairman of the Cyprus Turkish Farmers Union Mehmet Nizam as saying that the ‘goods with highest price increase’ was onions and tomatoes and that the main problem was deficiencies in the system of incentives and the wholesalers.


Meanwhile, the zero Value Added Tax (VAT) law by the Council of Ministers in (South Cyprus) was implemented last Friday on basic goods such as bread, milk, eggs, baby food, baby nappies, female hygiene products, and adult diapers.

Spokesperson of the Government (Greek Cypriot) Konstantinos Letymbiotis announced that the Council of Ministers took this decision to combat high prices, especially at a time when the island was facing high inflation.

The implementation will be valid until 31 October 2023.

Related Posts
Australian police investigating incident that led to evacuation of shopping mall

Australian police said on Sunday they were investigating an incident at a shopping mall in the southern city of Adelaide Read more

Three flights to Cyprus affected by Manchester airport power outage

Three flights to Cyprus have been delayed by power outages at the Manchester airport on Sunday. According to Hermes, one Read more

Related posts

Beijing half marathon probes ’embarrassing’ win by Chinese runner

Voice Cyprus News

An agreement reached on Pyla

Voice Cyprus News

FM Ertuğruloğlu criticized UN behavior

Voice Cyprus News

Weather Forecast (April, 6th 2023)

Voice Cyprus News

LTB: Opinion seeking for electric scooters in the city

Voice Cyprus News

WNBA feeling ‘Caitlin Clark effect’ as season tips off