Romania, among European Union countries with lowest inflation rates

Cornelia Mascio
Mag 20, 2017

The lowest annual rates in the euro area were seen in Slovakia that recorded inflation of 0.8 percent.

According to these estimates, inflation in the euro area nears the target of the European Central Bank, which wants to maintain the price increase at around 2 percent, a level regarded as beneficial for the economic activity. The rate in April 2016 was 0.2 percent. A year earlier the rate was -0.2%.

The annual inflation rate amounted to 0.6% in Romania, followed by Ireland (0.7%) and Slovakia (0.8%).

Meanwhile the highest annual inflation rates in the European Union were registered last month in Estonia (3.6%), Lithuania (3.5%) and Latvia (3.3%).

Fuels for transport, package holidays and heating oil largely contributed to the headline rate, adding 0.39 percentage points, 0.12 percentage points and 0.11 percentage points respectively. Meanwhile, telecommunications, bread & cereals and garments contributed negatively to the headline figure.

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