Eurostat: Inflation up in Cyprus in January 2010

Annual harmonised inflation in Cyprus recorded a significant rise in January 2010, according to figures released on Friday by Eurostat.

In Cyprus, inflation rose from 1.6% in December 2009 to 2.5% in January 2010, which was the second highest percentage in the Eurozone.

Euro area annual inflation was 1.0% in January 2010, up from 0.9% in December 2009. A year earlier the rate was 1.1%. Monthly inflation was -0.8% in January 2010.

EU annual inflation was 1.7% in January 2010, up from 1.5% in December 2009. A year earlier the rate was 1.8%. Monthly inflation was -0.5% in January 2010.

In January 2010, the lowest annual rates were observed in Latvia with -3.3%, Ireland -2.4% and Estonia -1.0%, and the highest in Hungary with 6.2%, Romania 5.2% and Poland 3.9%. Compared with December 2009, annual inflation rose in seventeen member states, remained stable in one and fell in nine.