ECONOMY: Cyprus inflation rate accelerates to 2.1% in January

Cyprus inflation rate accelerated in January, according to data released by Eurostat. Annual inflation in Cyprus stood at 2.1% compared to 1% in December. In January 2018 inflation stood at -1.5%.

Annual inflation in the eurozone area declined to 1.4% in January from 1.5% in the previous month. In January 2018 the figure was 1.3%.

EU annual inflation in January dropped to 1.5% from 1.6% in the previous month. A year earlier the figure was 1.6%.

The highest annual percentages were recorded in Romania (3.2%) and Latvia (2.9%).

In Greece, inflation stood at 0.5% compared to 0.6% in the previous month.