Insider Economy Euro area annual inflation stable at 1.0% in August 2019, up to...

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 on Wednesday 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%).

Compared with July, annual inflation fell in nine Member States, remained stable in six and rose in twelve. In August, the highest contribution to the annual euro area inflation rate came from services (+0.60 percentage points, pp), followed by food, alcohol & tobacco (+0.40 pp), non-energy industrial goods (+0.08 pp) and energy (-0.06 pp).

(Cyprus News Agency)

Top Stories

FM says ready for repatriation to begin immediately

  Cyprus is ready to repatriate those who belong to the new categories allowed to return following a decision of cabinet announced by President Nicos...

Cyprus to carry out wider Covid-19 testing in all districts

Cyprus is stepping up tests for coronavirus as part of efforts to gain a better picture of contagion in the community. This was announced by...

Cyprus eases repatriation criteria

President Nicos Anastasiades announced a gradual relaxation in repatriation restrictions to allow more categories of Cypriots and permanent residents abroad to gradually return home...

Anastasiades extends Cyprus lockdown to end April

Cyprus will remain in lockdown until the end of April as efforts continue to contain the coronavirus pandemic, President Nicos Anastasiades said on Wednesday. In...

Man dies in Paphos car accident

A 78 year old man named as Iezekiel Papaioannou from Panayia died in a car accident on Wednesday around 1 pm on a Paphos...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...