Romania Posts Highest Annual Inflation In EU In May

Lithuania with 4.9% and Latvia with 4.4% followed Romania on annual inflation rates in May, Eurostat said.

The lowest annual rates in May were observed in Ireland, of -1.7%, Portugal, of -1.2% and Spain and Luxembourg, of -0.9% in both.

On a monthly basis in May, inflation was of 0% in Romania, similar with the EU average, according to Eurostat.

Over the 12 months to May, Romania had an average annual inflation rate of 7.2%. The highest 12-month average rates, the indicator that determines the price stability in Convergence reports for joining the euro-zone, were registered in Latvia, of 11.2%, Lithuania, of 9.3% and Bulgaria, of 8.3%, while the lowest were observed in Portugal, of 1.3%, Ireland, of 1.5% and Germany, of 1.8%.