Inflation in Cyprus remains unchanged at 1.7%

The Euro area annual inflation rate was 2.1% in September 2018, up from 2.0% in August. A year earlier, the rate was 1.5%. European Union annual inflation was 2.2% in September 2018, stable compared to August. A year earlier, the rate was 1.8%. In Cyprus the annual inflation remained unchanged from August, to 1.7% in September 2018 and a year earlier inflation stood at 0.1%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Denmark (0.5%), Greece (1.1%) and Ireland (1.2%). The highest annual rates were recorded in Romania (4.7%), Hungary (3.7%) and Bulgaria (3.6%). Compared with August 2018, annual inflation fell in nine Member States, remained stable in four and rose in fourteen. In September 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.90 percentage points, pp), followed by services (+0.57 pp), food, alcohol & tobacco (+0.51 pp) and non-energy industrial goods (+0.08 pp).