Cyprus Internet Directory Jobs In Cyprus
  Cyprus Internet Directory Search       
Google Search
Cyprus Internet Directory Search
Cyprus Comming Events    Cyprus 
Cyprus News Articles    Cyprus News 
and Articles
Cyprus Guide    e Guide
to Cyprus
Quick Links

By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
Read More

SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
Read More

By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
Read More

Cyprus Internet Directory [ Utility bills lift UK inflation to 9-mth high ]

Utility bills lift UK inflation to 9-mth high

British inflation leapt further above target to a nine-month high in February but the jump was purely due to changes in the way utility bills are calculated, official data showed on Tuesday.

The Office for National Statistics said consumer prices rose 0.7% last month, taking the annual rate to 2.5%, as forecast by economists and well above the government's 2.0% target.

The statistics office announced last month that changes in gas and electricity bills would hit the index immediately rather than being phased in over several months.

Without the change in methodology, CPI inflation would have held steady at 2.2%, the ONS said.

Still, the figures highlight the dilemma facing the Bank of England as it confronts a slowing economy and rising price pressures.

Investors are betting the Bank will cut interest rates by 100 basis points before the end of the year to shore up the economy as the global credit crisis deepens.

However, the central bank may be constrained by concerns inflation will rise even higher in the coming months.

The pound hit session highs versus the dollar and euro, having earlier pared gains, while stocks briefly extended gains after the CPI data came in as expected -- trimming expectations for near-term rate cuts.

Core inflation, which strips out oil and food prices, eased to 1.2% in February, its lowest rate since August 2006.

(Source: Financial Mirror)

Article Options

Email to a friend Email To A Friend     Print Article Print Article     Add Article To Favorites Add Article To Favorites


Other Related Articles

Cyprus News Article Submission

If you have an article and you wish to submit it to our database please send us an email. In your email subject quote "Article Submission" and attach the article to the email. To email us Click Here

Cyprus Holiday Villas-Investment Properties

A wide range of holiday villas, investment properties, building plots and apartments in Cyprus for sale by owner. Save money on your holiday villa in Cyprus and enjoy the holiday feeling for ever.