Romania remains in June the EU country with the highest inflation rate

Romania maintained in June its position as the country with the highest annual inflation rate among the European Union member states, of 4.7 percent measured by Harmonised Indices of Consumer Prices (HICP), Eurostat data showed on Wednesday.

“The highest annual rates were recorded in Romania (4.7 percent), Estonia (3.9 percent) and Hungary (3.2 percent). Compared with May 2018, annual inflation fell in three Member States, remained stable in two and rose in twenty-two,” EU’s statistical office said.

The HICP index used by Eurostat measure price with a unified basket of consumer products and services for the 28 member states.

But the Romanian basket of consumer products and services, which includes a higher percentage of food products, shows a different picture.

According to National Institute of Statistics (INS) data released on July 11, the annual inflation rate, measuring the evolution of consumption prices in the last year, remained flat at 5.4 percent in June.

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Compared with the same month of last year, the prices of food products rose by 3.9 percent on average, while non-food products increased by 7.8 percent. The prices of services went up by 2.6 percent.

Compared with May, the biggest price increases were recorded for citrus (1.4 percent), while the biggest price decreases were registered for potatoes (-6.9 percent) and fresh fruits (-3.4 percent).