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Cyprus leads in deflation

16/11/2015 15:32
Cyprus maintained the highest rate of deflation among EU countries in October 2015, according to Eurostat data.

According to the figures, inflation in Cyprus was –1.8% in October 2015 from -1.9% in September 2015 and 0.3% in October 2014.

Prices fell in 12 other EU countries while they remained stable in Estonia and Ireland.

The highest rates of deflation were recorded apart from Cyprus, in Romania (-1.2%), Bulgaria (-1,2%) and Slovenia (-1,1%).

Euro area annual inflation reached 0.1% in October 2015 from -0.1 in September 2015. In October 2014 the rate was 0.4%.

European Union annual inflation remained stable in October. In September inflation in the EU stood at -0.1% while a year earlier the rate was 0.5%.

In Greece, inflation stood at -0.1% from -0.8% in September.

The highest annual rates were recorded in Malta (1.6%), Belgium (1.2%), Sweden (0,9%) and Portugal (0.7%).