Cyprus in­fla­tion the low­est in the EU

Financial Mirror (Cyprus) - - FRONT PAGE -

Euro area an­nual in­fla­tion was 1.5% in Septem­ber, sta­ble com­pared with Au­gust, ac­cord­ing to Euro­stat, with the monthly rate for Septem­ber at 0.4%.

In­fla­tion in Cyprus dropped to 0.1% in Septem­ber, from 0.5% in Au­gust and -0.4 in Septem­ber 2016. Cyprus had the low­est an­nual rate fol­lowed by Ire­land (0.2%) and Fin­land (0.8%). The high­est an­nual rates were recorded in Lithua­nia (4.6%), Estonia (3.9%) and Latvia (3.0%).

Com­pared with Au­gust, an­nual in­fla­tion rose in 11 EU mem­ber states, was sta­ble in seven and fell in nine. The largest up­ward im­pacts to the euro area an­nual in­fla­tion came from fu­els for trans­port (+0.20 per­cent­age points), restau­rants and cafés (+0.15 pp) and to­bacco (+0.10 pp), while so­cial pro­tec­tion (-0.05 pp), telecom­mu­ni­ca­tion (0.04 pp) and veg­eta­bles (-0.02 pp) had the big­gest down­ward im­pacts.

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