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

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%.