Romania’s inflation was higher than the EU average in January

Newsroom 24/02/2014 | 15:15

Romania’s annual inflation rate in January was 1.2 percent, higher than the EU average of 0.9 percent, according to Eurostat data.

Also, Romania and Estonia come in last in the EU in terms of the average price growth in general with an increase of 3.1 percent , 2.9 percent respectively, recorded between the months of January and December last year.

In the eurozone, the annual inflation rate was 0.8 percent in January, which signals the region stabillity. The level of average consumer prices in the 18 states that uses the Euro is below the 2 percent rate targeted by the World Bank. Low inflation also allows the Central European Bank to maintain the key interest rate at 0.25 percent.

Eurostat data shows that in the euro zone, prices went up for cigarettes (0.08 percent), electricity, milk, cheese and egs (0.05 percent each). Prices dropped for fuel (0.19 percent), transport (0.19 percent) and telecommunication (0.13 percent).

In January, the lowest annual inflation rates were recorded in Cyprus (-1.6%), Greece (-1.4 percent), Bulgaria (-1.3 percent), while the highest were recorded in Great Britain and Finland (both at 1.9 percent).

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