Romania, highest annual inflation rate in EU, also in June

Romania occupies the first place in the EU based on the annual inflation in June, for the sixth month in a row, while in the euro zone consumer prices continue to register modest increases against the background of recession and record unemployment. The annual inflation throughout the euro zone advanced in June to 1.6 pc, from 1.4 pc in May. At EU level, the indicator went up from 1.6 pc to 1.7 pc, according to data released yesterday by Eurostat. The highest price increase rates were reported by Romania (4.5 pc), Estonia (4.1 pc) and Netherlands (3.2 pc). At the opposite end, Greece posted a decline of its consumer prices by 0.3 pc, while in Latvia and Poland inflation was only 0.2 pc. The highest price hikes in the euro zone were reported for vegetables, fruits and electricity, as telecommunications, fuels and medical services became cheaper.

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