articles | 18 September 2019

Euro area annual inflation stable at 1.0% in August 2019, up to 0.6% in Cyprus

The euro area annual inflation rate was stable at 1.0% in August 2019, compared to July, while a year earlier, the rate was 2.1%, according to figures published recently by Eurostat, the statistical office of the European Union.

In Cyprus inflation in August was 0.6%, up from 0.1% in July and down from 1.7% in August 2018. In Greece the same rate was 0.1% in August, down from 0.4% in July and 0.9% in August 2018.

European Union annual inflation was stable at 1.4% in August 2019, compared to July. A year earlier, the rate was 2.2%. The lowest annual rates were registered in Portugal (-0.1%), Greece (0.1%) and Spain (0.4%).

The highest annual rates were recorded in Romania (4.1%), Hungary (3.2%), the Netherlands and Latvia (both 3.1%).

Source: CNA

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