In December 2015 the rate was 0.2% and -0.6% in Cyprus. European Union annual inflation was 1.2% in December 2016, up from 0.6% in November. A year earlier the rate was 0.2%.

In December 2016, negative annual rates were observed in Bulgaria (-0.5%) and Romania (-0.1%). The highest annual rates were recorded in Estonia (2.4%), Belgium (2.2%), the Czech Republic and Latvia(both 2.1%).

Compared with November 2016, annual inflation fell in one Member State and rose in twenty-six. The largest upward impacts to euro area annual inflation came from fuels for transport (+0.21 percentage points), vegetables (+0.07 pp) and heating oil (+0.05 pp), while gas (-0.10 pp), telecommunications (-0.05 pp) and personal care products (-0.04 pp) had the biggest downward impacts.

Source: Famagusta Gazette