Annual inflation up to 1.7% in the euro area – Up to 1.9% in the EU, 1.2% in Cyprus

The euro area annual inflation rate was 1.7% in April 2019, up from 1.4% in March 2019, according to Eurostat, the statistical office of the European Union. A year earlier, the rate was 1.2%. European Union annual inflation was 1.9% in April 2019, up from 1.6% in March 2019. A year earlier, the rate was 1.5%.

Meanwhile inflation in Cyprus was 1.2% in April 2019, up from 1.1% in March 2019 and -0.3% in April 2018. Similarly in Greece inflation increased to 1.1% in April 2019, from 1.0% in March 2019 and 0.5% in April 2018.

The lowest annual rates were registered in Croatia (0.8%), Denmark and Portugal (both 0.9%). The highest annual rates were recorded in Romania (4.4%) and Hungary (3.9%).

Compared with March 2019, annual inflation fell in six Member States, remained stable in two and rose in nineteen. In April 2019, the highest contribution to the annual euro area inflation rate came from services (+0.86 percentage points, pp), followed by energy (+0.51 pp), food, alcohol and tobacco (+0.29 pp) and non-energy industrial goods (+0.06 pp).

Source: Cyprus News Agency