Cyprus’ annual inflation recorded a significant decrease in June 2012, while Euro area annual inflation remained unchanged and EU inflation increased slightly, according to Eurostat data.

The lowest inflation rate in the Euro area was recorded in Greece (1%), and outside the Euro area in Sweden(0.9%). In Cyprus, the rate dropped to 2.9% in June 2012, from 3.7% in May 2012.

Euro area annual inflation was 2.4% in June 2012, unchanged compared with May. A year earlier the rate was 2.7%. Monthly inflation was -0.1% in June 2012.

EU annual inflation was 2.6% in June 2012, up from 2.5% in May. A year earlier the rate was 3.1%. Monthly inflation was 0.0% in June 2012.

In the Euro area the main components with the highest annual rates in June 2012 were alcohol & tobacco (4.9%), housing (3.7%) and transport (3.1%), while the lowest annual rates were observed for communications (-2.8%), education (0.7%) and recreation & culture (0.8%).