Cyprus annual inflation increases, says Eurostat

The annual inflation in Cyprus marked an increase in March 2014, remaining however negative, according to data released recently by Eurostat.

The Statistic Service of the EU notes that in March 2014, negative annual rates were observed in Bulgaria (-2.0%), Greece (-1.5%), Cyprus (-0.9%), Portugal and Sweden (both-0.4%), Spain and Slovakia (both -0.2%) and Croatia (-0.1%).

The highest annual rates were recorded in the United Kingdom (1.6%), Malta and Austria (both 1.4%). Compared with February 2014, annual inflation fell in nineteen Member States, remained stable in three and rose in six.

Euro area annual inflation was 0.5% in March 2014, down from 0.7% in February. A year earlier the rate was 1.7%. Monthly inflation was 0.9% in March 2014. European Union annual inflation was 0.6% in March 2014, down from 0.8% in February.

Source: CNA

Cyprus Profile

articles | 16 April 2014