CYPRUS: Inflation lowest in EU

Euro area annual inflation was 1.5% in September, stable compared with August, according to Eurostat, with the monthly rate for September at 0.4%.

Inflation in Cyprus dropped to 0.1% in September, from 0.5% in August and -0.4 in September 2016. Cyprus had the lowest annual rate followed by Ireland (0.2%) and Finland (0.8%). The highest annual rates were recorded in Lithuania (4.6%), Estonia (3.9%) and Latvia (3.0%).

Compared with August, annual inflation rose in 11 EU member states, was stable in seven and fell in nine. The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.20 percentage points), restaurants and cafés (+0.15 pp) and tobacco (+0.10 pp), while social protection (-0.05 pp), telecommunication (-0.04 pp) and vegetables (-0.02 pp) had the biggest downward impacts.