Cyprus inflation in April down to 0.1%

Inflation in Cyprus in April was down to 0.1% from 1.3% in March 2013.

According to Eurostat, the statistical office of the European Union, Euro area annual inflation was 1.2% in April 20132, down from 1.7% in March. A year earlier, the rate was 2.6%. Monthly inflation was -0.1% in April 2013.
European Union annual inflation was 1.4% in April 2013, down from 1.9% in March. A year earlier, the rate was 2.7%. Monthly inflation was 0.0% in April 2013.

In April 2013, the lowest annual rates were observed in Greece (-0.6%), Latvia (-0.4%) and Sweden (0.0%), and the highest in Romania (4.4%), Estonia (3.4%) and the Netherlands (2.8%).
Compared with March 2013, annual inflation fell in twenty-four Member States, remained stable in one and rose in one. The lowest 12-month average rates up to April 2013 were registered in Greece (0.4%), Sweden (0.8%) and Latvia (1.3%), and the highest in Hungary (4.6%), Romania (4.1%) and Estonia (4.0%).

The largest upward impacts to euro area annual inflation came from electricity (+0.11 percentage points), meat and fruit (+0.07 each), while fuels for transport (-0.32), telecommunications (-0.19) and package holidays (-0.11) had the biggest downward impacts.