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October 5, 2022
ECONOMYFINANCE&BANKING

Romania records once again highest annual inflation of EU

For the eighth consecutive month, Romania recorded in September the highest annual inflation rate among the EU member states, with an increase in consumer prices of 4.7 percent, similar to the one registered in August, the data published on Wednesday by the European Statistical Office (Eurostat) shows.

The annual inflation rate in the European Union stood at 2.2 percent in September, a stable rate compared to the previous month, while in the euro area inflation increased up to 2.1 percent from 2 percent in August. Among the EU member states, the highest annual inflation rates were recorded in Romania (4.7 percent), Hungary (3.7 percent) and Bulgaria (3.6 percent), while the lowest were recorded in Denmark (0.5 percent), Greece (1.1 percent) and Ireland (1.2 percent).

Compared to August 2018, the annual inflation rate declined yet again in nine member states, while it remained stable in four member states (including in Romania) and increased in 14 countries.

The most significant impact on the annual price increase was recorded in energy (0.90 percentage points), followed by prices for services (0.57 percentage points) and food, alcohol and cigarettes (0.51 percentage points).

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