Romania’s January Annual Inflation, Highest In EU

A year earlier, the EU inflation was 1.7%, EU’s statistics office Eurostat said.

Romanian annual inflation reached 7% in January, followed by Estonia (5.1%) and Greece (4.9%), while the lowest annual rates were observed in Ireland (0.2%) and Sweden (1.4%).

The lowest 12-month averages up to January were registered in Ireland (-1.4%), Latvia (-0.7%) and Slovakia (2%) and the highest in Romania (6.2%), Greece (4.9%) and Hungary (4.5%).

Romanian consumer prices rose 0.8% in January compared with the month earlier. EU’s monthly inflation was -0.4%.

Annual inflation in the 16 states that use the euro was 2.3% in January, up from 2.2% in the previous month. A year earlier, eurozone’s rate was 0.9%.