Romania, the highest negative annual inflation rate in EU last May

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In May 2016, Romania recorded the lowest annual inflation rate in the European Union, – 3 percent, followed by Bulgaria (-2.5 percent) and Cyprus (-1.9 percent), Eurostat, the statistical office of the European Union, informs on Thursday.

At the same time, the highest annual rates were recorded in Belgium (1.6 percent), Malta (1 percent) and Sweden (0.8 percent). Compared with April 2016, annual inflation fell in nine Members States, remained stable in eight and rose in eleven.

Euro area annual inflation was -0.1 percent in May 2016, up from -0.2 percent in April. In May 2015 the rate was 0.3 percent. European Union annual inflation was also -0.1 percent in May 2016, up from -0.2 percent in April. A year earlier the rate was 0.3 percent.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.12 percentage points), rents and tobacco (both +0.07 pp), while fuels for transport (- 0.53 pp), heating oil (- 0.20 pp) and gas (- 0.13 pp) had the biggest downward impacts.

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