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Cyprus Inflation Dips To 1.6% In March 2025: An Analytical Overview

The Consumer Price Index (CPI) for March 2025, as reported by CySTAT, reveals an encouraging downward trend in inflation, now at 1.6%. This marks a decline from 1.9% in February and 2.48% in January, reflecting a promising economic shift. Explore more on how global factors influence regional markets.

Significant Economic Changes

Compared to March 2024, Agricultural Products showed a notable annual increase of 6.6% despite a monthly dip of 2.4%. Price elevations in Restaurants and Hotels (5.1%), Housing, Water, Electricity, and Gas (4.2%), and Education (3.7%) were evident. Meanwhile, Clothing and Footwear experienced a 7.8% annual fall, impacting the overall index negatively.

Monthly Economic Shifts

On a month-to-month basis, Clothing and Footwear prices surged by 2.8%, while Food and Non-Alcoholic Beverages saw a drop of 1.17%, adding downward pressure on the index. This dynamic showcases the complexity of price influences on the sector.

Unpacking Inflation Drivers

The CPI was positively impacted by Catering Services (+0.53 points) and Electricity (+0.29 points), although Clothing Items (-0.40 points) balanced the scales negatively. Fresh Vegetables (-0.35 points) and Petroleum Products (-0.14 points) further contributed to monthly fluctuations.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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