Euroarea inflation stable at 0.2% in August, down to -0,6 in Cyprus according to Eurostat

Euroarea inflation stable at 0.2% in August, down to -0,6 in Cyprus according to Eurostat

Nicosia, September 15, 2016/Independent Balkan News Agency

Euro area annual inflation was 0.2% in August 2016, stable compared with July and down to -0,6 in Cyprus according to Eurostat

In August 2015 the rate was 0.1%. European Union annual inflation was 0.3% in August 2016, up from 0.2% in July. A year earlier the rate was 0.0%.

In August 2016, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Croatia (-1.5%), Bulgaria (-1.1%) and Slovakia (-0.8%). Cyprus follows with -0.6%

The highest annual rates were recorded in Belgium (2.0%), Sweden (1.2%) and Estonia (1.1%). Compared with July 2016, annual inflation fell in seven Member States, remained stable in six and rose in fifteen.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.10 percentage points), fruit and vegetables (both +0.07 pp), while fuels for transport (-0.35 pp), heating oil and gas (both -0.12 pp) had the biggest downward impacts.

Source: Cyprus News Agency