Romania posts highest annual inflation in the EU for 11th consecutive month

Newsroom 15/07/2011 | 08:00

Romania has posted the highest annual inflation in the EU for the 11th consecutive month this June, reaching 8.0 percent, against the fact that that the European average has decreased to 3.1 percent, according to Eurostat, the statistical office of the European Union.

EU annual inflation was 3.1 percent in June 2011, down from 3.2 percent in May. A year earlier the rate was 1.9 percent. Monthly inflation was -0.1 percent in June 2011.

Euro area annual inflation was 2.7 percent in June 2011, unchanged compared to May. A year earlier the rate was 1.5 percent. Monthly inflation was 0.0 percent in June 2011.

In June 2011, the lowest annual rates were observed in Sweden (1.5 percent), Slovenia (1.6 percent) and the Czech Republic (1.9 percent), and the highest in Romania (8.0 percent), Estonia (4.9 percent) and Lithuania (4.8 percent). Compared with May 2011, annual inflation fell in fourteen member states, remained stable in six and rose in six.

The lowest 12-month averages up to June 2011 were registered in Sweden (1.5 percent), the Czech Republic and the Netherlands (both 1.8 percent), and the highest in Romania (7.8 percent), Estonia (4.7 percent) and Greece (4.6 percent).

 

Simona Bazavan

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