Inflation stable at 0.9% in June 2017

Annual inflation remained stable in Cyprus at 0.9% in June 2017 as it was in May 2017, but quite higher than the -2.0% it was in June 2016, Eurostat, the statistical office of the European Union, says.

The Euro area annual inflation was 1.3% in June 2017, down from 1.4% in May. In June 2016 the rate was 0.1%. European Union annual inflation was 1.4% in June 2017, down from 1.6% in May. A year earlier the rate was 0.1%.

The lowest annual rates were registered in Ireland (-0.6%), Denmark (0.4%) and Romania (0.7%). The highest annual rates were recorded in Lithuania (3.5%), Estonia and Latvia (both 3.1%).

Compared with May 2017, annual inflation fell in eighteen Member States, remained stable in three and rose in six. The largest upward impacts to the euro area annual inflation came from accommodation services (+0.08 percentage points), package holidays (+0.06 pp) and tobacco (+0.04 pp), while telecommunication (-0.10 pp), social protection (-0.04 pp) and bread & cereals (-0.03 pp) had the biggest downward impacts.

Source: Famagusta Gazette