BUSINESS

Romania, highest inflation rate of the EU, in January

The annual inflation rate decreased in January 2013 compared to December 2012, both in the European Union and in the euro zone, but Romania registered the highest annual rate of inflation in the EU (5.3 pc), according to data released yesterday by the European Statistics Office (Eurostat). Other countries with a high inflation rate were Estonia (3.7 pc) and the Netherlands (3.2 pc). At the opposite end range Greece (0 pc), Portugal (0.4 pc) and Latvia (0.6 pc). In the EU, the annual rate of inflation dropped in January to 2.1 pc, from 2.3 pc in December, while in the euro zone the annual rate of inflation decreased to 2 pc in January, from 2.2 pc in December. The European Central Bank wants to maintain the price increase slightly below two percent points.

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