The Democratic Alarm is calling for a comprehensive plan to tackle inflation following its rise to 5.2% in August, up from 4.4% in July. In a written statement, the party argues that the increase “demonstrates that the cost of living continues to rise at an accelerating pace,” while “Cyprus now has the second-highest rate in the Eurozone, with pressures on households and businesses intensifying.”
“A comprehensive plan to address rising costs is needed, with adequate and targeted support measures for the groups of our fellow citizens who are hardest hit: low-income pensioners, families with children, students, people with disabilities, and single-parent families.”
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DISY emphasizes that “extending the reduction in the excise tax on fuel is a step in the right direction, but it is not enough on its own.”
“At the same time, electricity prices continue to rise, placing an even greater burden on citizens and businesses. Therefore, the necessary energy investments must move forward without further delay, particularly in the critical sector of energy storage. Specifically regarding fuels, we had warned well in advance that investments in electric mobility, as well as measures to phase out older vehicles, are needed. This is especially important given that road transport is set to be included in the European emissions trading system on January 1, 2028.”
Pindarou notes that “only through comprehensive energy planning can the high costs paid by households and businesses be substantially reduced.”
