Cyprus’ Consumer Price Index Rises In May

Cyprus’ Consumer Price Index (CPI) experienced an increase to 117.84 units in May of this year, up from the 117.09 units recorded in April, according to a report released on Thursday by the Cyprus Statistical Service (Cystat).

This change, amounting to a 0.75-unit rise, marked a 2.7 per cent uptick in inflation, pointing to a more costly landscape for consumers.

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The report noted that from January to May 2024, the CPI’s overall climb reached 2 per cent compared to the corresponding period in the previous year, showcasing sustained inflationary pressures across various sectors.

The most pronounced yearly increase was observed in petroleum products, surging by 10 per cent compared to May 2023.

Regarding monthly changes, agricultural goods led with a significant 6.3 per cent rise from the previous month.

Focusing on specific categories, restaurants and hotels experienced the largest annual growth rate at 6.0 per cent, closely followed by the transport sector, which saw a 5.4 per cent increase.

Comparatively, from April to May, the food and non-alcoholic beverages category recorded the highest increase, surging by 1.8 per cent.

The year-to-date analysis further reveals substantial increases in restaurants and hotels at 5.9 per cent, and miscellaneous goods and services at 3.7 per cent, underscoring the broader economic shifts affecting these sectors.

Furthermore, transport, restaurants, and hotels made the most significant contributions to the annual CPI change, with increments of 0.93 and 0.60 units respectively.

From April to May 2024, the food and non-alcoholic beverages category had the largest effect, increasing the CPI by 0.42 units.

The data also highlights notable contributions from petroleum products and catering services to the annual CPI, with increases of 0.91 and 0.6 units respectively.

Additionally, on a month-over-month basis, fresh vegetables and fresh fruit significantly impacted the CPI, contributing 0.33 and 0.29 units respectively.

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Apple Surpasses Nvidia As Investors Reassess The True Cost Of The AI Boom

by THEFUTURE.TEAM

July 28, 2026

Apple Reclaims Title As World’s Most Valuable Company

Apple has overtaken Nvidia to become the world’s most valuable publicly traded company again, highlighting a shift in investor sentiment as markets reassess the costs and returns of the artificial intelligence boom.

Apple Regains The Top Spot

Apple (AAPL) ended Monday with a market capitalization of $4.95 trillion, surpassing Nvidia (NVDA), whose valuation fell 5% to $4.77 trillion. It was the first time since April 2025 that Apple closed a trading session ahead of the AI chipmaker.

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The move comes ahead of Apple’s quarterly earnings report on Thursday, which investors will closely watch for updates on the company’s AI strategy and broader business performance.

Investors Reassess AI Spending

Nvidia’s decline reflects a broader pullback in AI-related semiconductor stocks as investors increasingly scrutinize the returns on heavy infrastructure spending. The company had held the top valuation since June 2025, when it overtook Microsoft, and briefly surpassed a $5 trillion market capitalization in October.

At the same time, investor interest has broadened beyond graphics processing units to other parts of the AI supply chain, including memory and storage technologies that support expanding data center capacity. Companies such as Micron Technology (MU), SK Hynix and Sandisk (SNDK) have benefited from that shift as demand for AI-related memory and storage infrastructure continues to grow.

Apple’s Capital Strategy Draws Attention

Apple shares have gained 24% so far this year, compared with a 4% increase for Nvidia.

Investors have viewed Apple’s more measured AI spending strategy favorably. Rather than investing heavily in its own AI infrastructure, the company has relied more extensively on leased computing capacity, limiting capital expenditure while continuing to expand its AI capabilities.

The contrast comes as markets increasingly focus on how quickly large AI investments can generate sustainable financial returns.

Earnings In Focus

Apple’s earnings report could also provide an update on the impact of the global memory chip shortage, which has emerged as a growing challenge for hardware manufacturers.

The company raised prices for some Mac and iPad models in June, becoming one of the first major consumer technology companies to publicly reflect higher memory component costs.

Investors will be watching whether Apple can sustain its recent market outperformance as AI-related infrastructure costs continue to rise and supply constraints persist.

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