Cyprus Inflation At 0.1% in September 2017, the Lowest Rate in the EU

Euro area annual inflation was 1.5% in September 2017, stable compared with August 2017. In September 2016 the rate was 0.4%, according to Eurostat, the statistical office of the European Union.

Inflation in Cyprus dropped at 0.1% in September 2017, from 0.5% in August 2017 and -0.4 in September 2016. European Union annual inflation was 1.8% in September 2017, up from 1.7% in August 2017. A year earlier the rate was 0.4%. 

The lowest annual rates were registered in Cyprus (0.1%), Ireland (0.2%) and Finland (0.8%). The highest annual rates were recorded in Lithuania (4.6%), Estonia (3.9%) and Latvia (3.0%). Compared with August 2017, annual inflation rose in eleven Member States, remained stable in seven and fell in nine. The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.20 percentage points), restaurants & cafés (+0.15 pp) and tobacco (+0.10 pp), while social protection (-0.05 pp), telecommunication (-0.04 pp) and vegetables (-0.02 pp) had the biggest downward impacts.