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Inflation Moderates in Cyprus Amid Sectoral Price Shifts

by THEFUTURE.TEAM

June 5, 2025

In May 2025, Cyprus experienced a moderated inflationary trend with a notable decrease of 0.2 percent, despite a modest rise in the Consumer Price Index (CPI). The CPI advanced slightly by 0.26 points to 117.57 units from 117.31 in April 2025, demonstrating that while prices continue to rise, the pace has eased relative to previous periods.

Sectoral Highlights And Annual Comparisons

Analyzing annual performance, the agricultural sector led with a 4.7 percent increase, closely followed by a 3.5 percent rise in services. However, significant declines were recorded in petroleum products and electricity, dropping by 12.8 percent and 8.6 percent, respectively, over the year. Monthly, petroleum products decreased by 3.3 percent, marking the most substantial shift from April 2025.

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Consumer Categories: Winners And Losers

A closer look at specific categories reveals that, compared to May 2024, restaurants and hotels experienced the steepest price ascent at 4.9 percent, with recreation and culture and education also showing upward trends at 4.0 percent and 3.7 percent, respectively. In sharp contrast, transport and clothing, and footwear witnessed declines of 6.6 percent and 5.3 percent, respectively. Furthermore, between April and May 2025, clothing and footwear prices increased by 2.4 percent, while transport prices fell by an equal margin.

Impact Analysis Over The First Five Months

From January to May 2025, year-on-year fluctuations highlighted a 5.6 percent drop in clothing and footwear and a 4.6 percent rise in restaurants and hotels. Education also saw a 3.7 percent increase, reinforcing the mixed effects across consumer sectors.

Index Point Contributions

Examining the contributions toward the annual CPI change, restaurants and hotels added 0.52 points, while food and non-alcoholic beverages contributed 0.46 points. In a counterbalancing trend, the transport sector exerted a significant negative pressure, subtracting 1.21 points from the index. Fresh fruit and catering services provided positive impulses, adding 0.25 and 0.53 points respectively, whereas petroleum products had the most pronounced adverse impact, decreasing the index by 1.47 points.

Monthly Adjustments And Final Observations

When comparing May 2025 to April 2025, transport again emerged as a critical factor, reducing the index by 0.41 points. Conversely, fresh fruit and clothing items added 0.22 points and 0.14 points, respectively. The monthly trend was further influenced by a 0.30 point reduction from petroleum products, underscoring the role of energy prices in the broader inflation landscape.

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Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.