articles | 20 April 2015

Cyprus annual inflation down in March 2015

Annual inflation was -1,4% in March 2015 in Cyprus, down from -0,8% in February 2015, according to Eurostat, the statistical office of the European Union.

Euro area annual inflation was -0.1% in March 2015, up from -0.3% in February. In March 2014 the rate was 0.5%. European Union1 annual inflation was also -0.1% in March 2015, up from -0.3% in February. A year earlier the rate was 0.6%.

In March 2015, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Greece (-1.9%), Cyprus (-1.4%), Poland (-1.2%), Bulgaria and Lithuania (both -1.1%). The highest annual rates were recorded in Austria (0.9%), Romania (0.8%) and Sweden (0.7%). Compared with February 2015, annual inflation fell in three Member States, remained stable in three and rose in twenty-two.

Source: Famagusta Gazette

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