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Inflation in Romania is three times higher than the European average – Eurostat

20 August 2019
Economics&Markets
energynomics

In July 2019, Romania kept the highest annual inflation rate among EU Member States, with an increase in consumer prices of 4.1%, rising from the level of 3.9% recorded in June, shows data released by the European Bureau of Statistics (Eurostat).

It is the seventh consecutive month in which Romania has the highest annual inflation in the European Union.

If consumer prices in Romania increased compared to June, the annual inflation rate in the European Union (EU) decreased in July 2019 to 1.4% from 1.6% in June, while inflation in the euro area dropped to 1%, from a 1.3% level recorded in June, according to Agerpres.

Among the EU member states, the highest annual inflation rate was registered in Romania (4.1%), Hungary (3.3%), Latvia and Slovakia (both with 3%). At the opposite end, the member countries with the lowest annual inflation rate were Portugal, a country with a negative inflation of 0.7%, while in Cyprus consumer prices increased by 0.1%, and in Italy by 0.3%.

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