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Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

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ECONOMY

Annual Inflation Rate At 3.6% In Cyprus And At The EU Level, At 3.4% In The Eurozone

Annual Inflation Rate At 3.6% In Cyprus And At The EU Level, At 3.4% In The Eurozone

The euro area annual inflation rate was 3.4% in September 2021, up from 3.0% in August, while a year earlier, the rate was -0.3%, according to figures published by Eurostat, the statistical office of the European Union.

The annual inflation rate in Cyprus was 3.6% in September 2021, up from 3.3% in August and -1.9% in September 2020.

The annual inflation rate was also at 3.6% in the European Union in average, up from 3.2% in August. A year earlier, the rate was 0.3%.

The lowest annual rates were registered in Malta (0.7%), Portugal (1.3%) and Greece (1.9%). The highest annual rates were recorded in Estonia, Lithuania (both 6.4%) and Poland (5.6%).

Compared with August, annual inflation fell in one Member State, remained stable in one and rose in twenty-five.

In September, the highest contribution to the annual euro area inflation rate came from energy (+1.63 percentage points, pp), followed by services (+0.72 pp), non-energy industrial goods (+0.57 pp) and food, alcohol & tobacco (+0.44 pp).

Source: CNA

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