Insider Business Cyprus registers in April the lowest annual inflation in the EU

Cyprus registers in April the lowest annual inflation in the EU

Cyprus registered the lowest annual inflation in the European Union for April 2018, with -0.3%, according to Eurostat, the statistical office of the European Union. In March the inflation was -0,4% and a year earlier in April 2017 +2.1%. Ireland (-0.1%) and Portugal (0.3%) follow, while the highest rates were recorded in Romania (4.3%), Slovakia (3.0%) and Estonia (2.9%).

Euro area annual inflation rate was 1.2% in April 2018, down from 1.3% in March. A year earlier, the rate was 1.9%. European Union annual inflation was 1.4% in April 2018, down from 1.5% in March. A year earlier, the rate was 2.0%.

Compared with March 2018, annual inflation fell in twelve Member States, remained stable in one and rose in fourteen. In April 2018, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.47 percentage points), followed by services (+0.45 pp), energy (+0.25 pp) and non-energy industrial goods (+0.07 pp).

Read more

https://in-cyprus.com/news/business/cyprus-records-deflation-0-1-in-april/

Source: CNA

Top Stories

Driver in Limassol-Platres collision arrested

    Police have arrested the 21 year old driver of a car involved in a violent collision with another car on the Limassol-Platres road a...

Limassol: Mother remanded for leaving child unsupervised, illegal residence

    A 30-year old woman was remanded in custody for two days on Saturday as police investigate a case of child abandonment and illegal residence...

One person tests positive for Covid-19

  One person has tested positive for coronavirus after a total of 1748 tests, bringing the total to 1014, the Health Ministry said on Saturday. The...

New yellow alert as Cyprus continues to bake

    The Met Office has issued a new extreme high temperature warning, the second in as many days. The new yellow alert is in force from...

Croatia makes face masks compulsory in public indoor spaces

    Croatia said on Saturday that wearing face masks will be obligatory in most closed public spaces from next week as the number of COVID-19...

Taste

Kolokasi (Taro Root)

Ingredients: (Serves 4) 1 kg kolokasi (taro) root ½ kg pork (lean belly pork or shoulder) cut into large cubes 6 tbsp olive oil 1 head of fresh celery,...

Moungra

Moungra is a traditional Cypriot mezze which consists in cauliflower pickled in fermented bread dough and typically served as an appetizer or meze. It...

Cheesy Eggplant Rolls

Ingredients 4 Eggplants 2 tbsp olive oil 1 chopped onion, 2 grated carrots 1 garlic clove (sliced) ¾ of the cup finely chopped canned tomato, ½ ts sugar 1 ts oregano 2 tbsp...

Black eyed peas with chard (Louvia me laxana)

Ingredients: 2 cups black eyed peas small lemon (juice) + 1 tsp lemon zest 1 bunch Cypriot chards olive oil & lemon for serving salt & pepper Method: Step 1 Put the...