Romania’s January annual inflation ranks the first position in the EU

Newsroom 28/02/2011 | 18:10

Romania posted the highest inflation in the European Union for the sixth consecutive month in January, while the EU average rate was stable at 2.7 percent, according to data from Eurostat. Romania’s annual inflation reached 7 percent in January, followed by Estonia (5.1 percent) and Greece (4.9 percent). The lowest annual rates were reported in Ireland (0.2 percent) and Sweden (1.4 percent).

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

Annual inflation in the euro zone was 2.3 percent in January, up from 2.2 percent in the previous month. A year earlier, euro zone’s rate was 0.9 percent.

In 2010 earlier, the EU inflation was 1.7 percent EU’s statistics office according to Eurostat.

Simona Bazavan

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