Eurostat: Inflation in Cyprus moving up to -0.4 in September 2016, 0.4 in the Euro area

Inflation in Cyprus moved to -0.4% in September 2016, up from -0.6% in August, according to Eurostat, still the 4th lowest in the EU. A year ago monthly inflation was at -1.9%.

Meanwhile, Euro area annual inflation was 0.4% in September 2016, up from 0.2% in August. In September 2015 the rate was -0.1%. European Union annual inflation was also 0.4% in September 2016, up from 0.3% in August. A year earlier the rate was -0.1%.

In September 2016, negative annual rates were observed in ten Member States. The lowest annual rates were registered in Bulgaria (-1.1%), Croatia (-0.7%) and Slovakia (-0.5%).

The highest annual rates were recorded in Belgium (1.8%), Estonia (1.7%) and Austria (1.1%). Compared with August 2016, annual inflation fell in nine Member States, remained stable in two and rose in sixteen.

The largest upward impacts

Source: Cyprus News Agency.