Inflation down 1.4%
Annual inflation was -1.4% in March in Cyprus, down from -0.8% in February, according to Eurostat, the statistical office of the European Union.
Euro area annual inflation was -0.1% in March, up from -0.3% in February. In March 2014 the rate was 0.5%. European Union annual inflation was also -0.1% in March, up from -0.3% in February. A year earlier the rate was 0.6%.
In March, negative annual rates were observed in 12 member states, Eurostat said.
The lowest annual rates were registered in Greece (1.9%), Cyprus (-1.4%), Poland (-1.2%), Bulgaria and Lithuania (both -1.1%). The highest annual rates were recorded in Austria (0.9%), Romania (0.8%) and Sweden (0.7%). Compared with February, inflation fell in 3 member states, remained stable in 3 and rose in 22.