Romanian June Annual CPI 8.7%, Fifth Highest In EU – Eurostat

Romania ranks fifth among EU member states with respect for the annual inflation rate in June, which is 8.7%, double the 4.3% average calculated on a community bloc level, according to a report issued by the Statistical Office of the European Communities, Eurostat.

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In June, the lowest annual rates were observed in the Netherlands (2.3%), Germany and Portugal (3.4% each), and the highest in Latvia (17.5%), Bulgaria (14.7%) and Lithuania (12.7%). Compared with May 2008, annual inflation rose in 21 member states, remained stable in two and decreased in three, the report reads.

EU annual inflation was 4.3% in June 2008, up from 4.0% in May. A year earlier the rate was 2.1%. Monthly inflation was 0.4% in June 2008, the report states.

According to the document, the main components with the highest annual rates in June 2008 were transport (7.1%), food (6.4%) and housing (6.1%), while the lowest annual rates were observed for communications (-1.6%), recreation and culture (0.1%) and clothing (0.7%).

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