Eurostat:Cyprus annual inflation increases slightly

Annual inflation in Cyprus increased slightly in September, but the country has the third best performance in the Eurozone, after Greece and Ireland.
According to Eurostat, the statistical office of the European Union, inflation in Cyprus was in September 0.3% compared with 0.1% in August.

Euro area annual inflation was 1.1% in September 2013, down from 1.3% in August. A year earlier the rate was 2.6%. Monthly inflation was 0.5% in September 2013.

European Union annual inflation was 1.3% in September 2013, down from 1.5% in August. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in September 2013.

In September 2013, the lowest annual rates were observed in Bulgaria (-1.3%), Greece (-1.0%) and Latvia (-0.4%), and the highest in the United Kingdom (2.7%), Estonia (2.6%) and the Netherlands (2.4%).

Compared with August 2013, annual inflation fell in seventeen member states, remained stable in eight and rose in three.

The lowest 12-month average rates up to September 2013 were registered in Greece (-0.2%), Latvia (0.5%) and Sweden (0.6%), and the highest in Romania (4.1%), Estonia (3.7%) and Croatia (3.3%).

The largest upward impacts to euro area annual inflation came from tobacco (+0.10 percentage points), electricity (+0.09) and accommodation services (+0.08), while fuels for transport (-0.30), telecommunications (-0.15) and medical & paramedical services (-0.07) had the biggest downward impacts.