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March Sees Cyprus Inflation Drop To 1.6% Amid Mixed Trends In Consumer Prices

In the latest economic update, Cyprus continues to see a decrease in inflation, with March 2025 marking a rate of 1.6%, a decline from February’s 1.9%. This trend has persisted since December 2024, according to recent data released by the government.

Fluctuations In Consumer Goods

The data, compiled by the Consumer Protection Service, offers a detailed view of 250 basic consumer products. These were tracked across 400 retail locations island-wide throughout March. Notably, 23 categories saw price increases, whereas 21 experienced decreases. Milk prices remained steady from February, while significant hikes were seen in Cypriot coffee prices, which soared by 8.7% month-on-month and are up 24.6% compared to last year.

Rising And Falling Prices

Other increases included frozen hamburgers (6.5%), baby foods (4.1%), and bottled water (4.1%). Meanwhile, various items like vegetables saw a steep price drop of 23%, fresh fish decreased by 11.3%, and vegetable cooking oil by 6.6%. The price reductions extended to legumes, tampons, and fabric softeners.

Underlying Causes And Sector Insights

The decline in the inflation rate is largely due to a drop in clothing and footwear prices, counterbalanced by hikes in restaurant and hotel charges, alongside rising costs for foodstuffs and non-alcoholic beverages. The Consumer Protection Service highlights this data solely as a guideline for consumers, stressing the importance of personal diligence when shopping.

Cloudflare Redefines Data Access With Default AI Crawler Blocking

Cloudflare, the renowned content delivery network, is set to transform the landscape of digital content access by instituting default measures to block AI crawlers from scraping websites without explicit permission or compensation. This significant move is poised to reshape the way artificial intelligence models are trained and could drive new revenue streams for content creators.

Empowering Publishers And Reinforcing Internet Integrity

Beginning Tuesday, every new web domain signing up with Cloudflare will be prompted to define its stance on AI crawlers. This default setting grants publishers the authority to restrict unauthorized data scraping and even monetize access through a “pay per crawl” model. As businesses increasingly rely on digital platforms to deliver content seamlessly, Cloudflare’s initiative underscores the growing need to balance technological innovation with content ownership rights.

Understanding The Role Of AI Crawlers

AI crawlers are automated tools that aggregate vast amounts of online data—texts, articles, images—to refine and train large language models developed by industry leaders such as OpenAI and Google. Historically, these models have leveraged content without directing traffic to the original sources, a practice that may inadvertently diminish revenue streams for publishers traditionally buoyed by organic web visits and advertising.

A Strategic Shift With Long-Term Implications

Matthew Prince, co-founder and CEO of Cloudflare, stated that the initiative is about restoring power to content creators while maintaining an environment conducive to continued innovation in AI development. This move reflects a broader industry trend, where digital platforms are increasingly scrutinized for how they balance technological progress with fair compensation for creators.

Industry Reactions And Future Outlook

While Cloudflare’s announcement has been met with praise from some quarters, several experts caution that the long-term effects on AI training capabilities remain to be seen. Critics argue that restricting data streams might hinder the evolution of AI or delay the refinement of its underlying algorithms. Nevertheless, the strategic decision to integrate such safeguards directly into Cloudflare’s default settings marks a pivotal moment in the ongoing debate over data ownership and digital rights.

As the digital economy continues to evolve, industry stakeholders will be closely monitoring how these measures influence both the operational dynamics of AI technology and the broader ecosystem of content monetization.

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