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Inflation in June climbs to two-year high

Romania posts EU’s highest annual inflation rate in April

Romania ranks first in terms of annual inflation rates in the European Union registered in April 2018.

According to Eurostat, the statistical office of the European Union, the highest annual rate was recorded in Romania (4.3 percent), followed by Slovakia (3.0 percent) and Estonia (2.9 percent), while the lowest annual rates were registered in Cyprus (-0.3 percent), Ireland (-0.1 percent) and Portugal (0.3 percent).

In April 2018, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.47 percentage points), followed by services (+0.45 pp), energy (+0.25 pp) and non-energy industrial goods (+0.07 pp).

Euro area annual inflation rate was 1.2 percent in April 2018, down from 1.3 percent in March. A year earlier, the rate was 1.9 percent. European Union annual inflation was 1.4 percent in April 2018, down from 1.5 percent in March. A year earlier, the rate was 2.0 percent.

About Anca Bernovici

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