ECONOMY: Cyprus inflation was unchanged at 1.7% in September

Cyprus annual inflation remained unchanged from August to 1.7% in September but higher than a year earlier when inflation was lower at 0.1%, Eurostat data shows.

Euro area annual inflation rate was 2.1% in September, up from 2.0% in August. A year earlier, the rate was 1.5%.

European Union annual inflation was 2.2% in September, stable compared to August. A year earlier, the rate was 1.8%.

The lowest annual rates were registered in Denmark (0.5%), Greece (1.1%) and Ireland (1.2%).

The highest annual rates were recorded in Romania (4.7%), Hungary (3.7%) and Bulgaria (3.6%).

Compared with August 2018, annual inflation fell in nine Member States, remained stable in four and rose in 14.

In September 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.90 percentage points, pp), followed by services (+0.57 pp), food, alcohol & tobacco (+0.51 pp) and non-energy industrial goods (+0.08 pp).