Romania placed 5th in EU annual inflation rate listing

Miercuri, 15 octombrie 2008, 16:50 English | Business

Romania is placed 5th in the European annual inflation rate listing, after the annual advance of prices in September with 7.3%, Eurostat informs, quoted by Romanian news agency NewsIn. Our country's inflation rate is 3.1 percentage points over the EU average inflation of 4.2%. 

The EU member states with the highest annual inflation rate were Latvia with 14.7%, Bulgaria with 11.4% and Lithuania with 11.3%, closely followed by Estonia with 10.8%. At the other side of the spectrum, the lowest inflation rates were registered in the Netherlands (2.8%), Germany with 3% and Ireland with 3.2%.

At the level of the Union, the annual inflation rate moderated to 4.2% from 4.3% last month while in the euro zone it decreased from 3.8% last month to 3.6%.