Romania Posts Highest Annual Inflation In EU For 7th Straight Month

Romania posted the highest inflation in the European Union for the seventh consecutive month in February, while the EU's average rate was stable at 2.8%, statistics office Eurostat said Wednesday.

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A year earlier, the EU inflation was 1.5%, the data showed.

Romanian annual inflation reached 7.6% in February, followed by Estonia (5.5%) and Bulgaria (4.9%), while the lowest annual rates were observed in Ireland (0.9%), Sweden (1.2%) and France (1.8%).

The lowest 12-month averages up to January were registered in Ireland (-1.1%), Latvia (0%) and the Netherlands (2%) and the highest in Romania (6.5%), Greece (5%) and Hungary (4.4%).

Romanian consumer prices rose 0.8% in February compared with the month earlier. EU's monthly inflation was 0.4%.

Annual inflation in the 16 states that use the euro was 2.4% in February, up from 2.3% in the previous month. A year earlier, eurozone's rate was 0.8%.

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