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12° Nicosia,
17 June, 2024
 

Cyprus has lowest annual inflation in the EU

It registered the lowest annual inflation in the European Union for April 2018, with a rate of -0.3%

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Cyprus registered the lowest annual inflation in the European Union for April 2018, with a rate of -0.3%, according to Eurostat.

In March Cyprus inflation was -0.4% and in April 2017 it was +2.1%.

Behind Cyprus are Ireland (-0.1%) and Portugal (0.3%), while the highest rates recorded were in Romania (4.3%), Slovakia (3.0%) and Estonia (2.9%).

Euro area annual inflation rate was 1.2% in April (from 1.9% in 2017), and down from 1.3% in the previous month.

European Union annual inflation was 1.4% in April, down from 1.5% in March. A year earlier, the rate was 2.0%.

Compared with March 2018, annual inflation fell in twelve Member States, remained stable in one and rose in 14.

In April, the highest contribution to the annual euro-area inflation rate came from food, alcohol & tobacco (+0.47 percentage points), followed by services (+0.45 pp), energy (+0.25 pp) and non-energy industrial goods (+0.07 pp).

 

TAGS
inflation  |  Cyprus  |  EU  |  economy

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