CYPRUS: Ιnflation in August records increase, reaches 4.5%

According to Eurostat, the statistical office of the European Union, the annual inflation in Cyprus increased in August to 4.5%, compared to 3.8% in July and 2.9% in June.

In August 2012, the lowest annual rates were observed in Sweden (0.9%), Greece (1.2%) and Latvia (1.9%), and the highest in Hungary (6.0%), Cyprus (4.5%) and Estonia (4.2%).

Compared with July 2012, annual inflation rose in twenty Member States, remained stable in two and fell in four.

The lowest 12-month averages up to August 2012 were registered in Sweden (1.0%), Ireland and Greece (both 1.8%), and the highest in Hungary (5.1%), Estonia (4.5%) and Slovakia (4.1%).

Euro area annual inflation was 2.6% in August 2012, up from 2.4% in July. A year earlier the rate was 2.5%. Monthly inflation was 0.4% in August 2012.