Cyprus Posts Zero Inflation as EU Rate Rises to 2.6%

Cyprus Posts Zero Inflation as EU Rate Rises to 2.6%

Cyprus recorded zero annual inflation last month, the only European Union country to do so, according to figures released by Eurostat. The EU’s overall inflation rate rose to 2.6% in September, while the eurozone’s rate reached 2.2%. Cyprus’ monthly inflation trend was slightly negative, with consumer prices falling by 0.4%. A year earlier, the country’s inflation rate stood at 1.6%. Eurostat said the main contributors to inflation in the euro a…