Tuesday, May 17, 2011

Romania registers highest annual inflation rate in EU for 9 months consecutively

BUCHAREST, May 16 (Xinhua) -- Romanian annual inflation reached 8.4 percent in April, maintaining the highest rate of the 27 EU member states for the ninth month consecutively, showed the preliminary estimations released on Monday by Eurostat, the European Office for Statistics.

According to Eurostat, the average annual inflation rate in the EU rose to 3.2 percent from 3.1 percent in March, while in the euro area, the average was up at 2.8 percent from 2.7 percent.

Romania is followed by Estonia (5.4 percent) and Lithuania and Hungary (4.4 percent each), while the lowest annual rates were witnessed in Ireland (1.5 percent), the Czech Republic (1.6 percent) and Sweden (1.8 percent).

Romania also holds the first position in the EU in terms of overall average price increase in the last 12 months, with a 7.2 percent enhancement, followed by Greece (5 percent) and Estonia (4.3 percent).

The National Bank of Romania (BNR) revised upwards the inflation prognosis for 2011, from 3.6 percent to 5.1 percent, over the higher limit of the targeted variation interval of 3 percent, plus/minus one percentage point.

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