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01 May, 2024
 
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Gov't prepares comprehensive measures to tackle inflation

Presidential announcement expected next week after meeting at Presidential Palace

Newsroom

A meeting held at the Presidential Palace has drawn to a close, with decisions made regarding forthcoming measures to combat inflation. The official announcement of these measures awaits the President's declaration, expected to be made in the upcoming week. Sources suggest that final adjustments are being applied to certain measures before their release.

The comprehensive set of measures will encompass support for a range of services and products, including addressing fuel costs, and potentially electricity. Information from "Κ" insiders indicates that most of these measures will be carefully targeted, while even in cases of broad application, a degree of precision will be incorporated.

Originally, the government aimed to unveil the new measures to combat inflation by the end of October. However, the situation in Israel, characterized by inflationary pressures impacting the market, has expedited the decision-making process.

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Cyprus  |  inflation  |  measures

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