Eurostat: Romania Posts Lowest Annual Inflation Rate In EU In March 2017

Romania posted the lowest annual inflation rate, of 0.4%, in the European Union in March 2017, while the EU's average rate stood at 1.6% from 2% in February, EU’s statistics office Eurostat said Wednesday.

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The lowest annual rates were registered in Romania (0.4%), Ireland and the Netherlands (both 0.6%), while the highest annual rates were recorded in Latvia (3.3%), Lithuania (3.2%) and Estonia (3.0%). Compared with February 2017, annual inflation fell in seventeen member states, remained stable in six and rose in five.

The largest upward impacts to euro area annual inflation came from fuels for transport (+0.48 percentage points), heating oil (+0.11 pp) and vegetables (+0.08 pp), while telecommunication and package holidays (-0.09 pp each), and garments (-0.05 pp) had the biggest downward impacts.

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