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Highest deflation in the EU

14/08/2015 13:59
Cyprus recorded the highest rate of deflation among EU countries in July 2015, according to Eurostat data.

According to the figures, inflation in Cyprus was -2.4% in July 2015 from -2.1% in June 2015 and 0.9% in July 2014.

Prices fell in ten other countries as well while they remained stable in two countries.

Euro area annual inflation remained stable at 0.2 % in July 2015. In July 2014 the rate was 0.4%.

European Union annual inflation was stable at 0.1% in July. A year earlier the rate was 0.5%.

In Greece, inflation fell by 1.3% from 1.1% in June.

The highest annual rates were recorded in Malta (1.2%), Austria (1.1%) and Belgium (0.9%).