International Internet Magazine. Baltic States news & analytics
Thursday, 28.07.2016, 05:50
Estonia posts EU's second highest annual inflation in May
Hungary had the EU's highest inflation in May – 5.4%. Inflation in Estonia was 4.1%, 3.7% in Cyprus and 3.7% in Malta, writes LETA.
The EU's lowest annual inflation in May was recorded in Sweden, 0.9%, followed by Greece – 0.9%, Bulgaria – 1.8%, Ireland and Spain – 1.9% each, and Romania – 2%.
Compared to April, the annual inflation level in May reduced in 20 member states, increased in three, and stayed the same in another three.
The average inflation in the EU was 2.6% in May, compared to 2.7% in April. Annual inflation in the eurozone was 2.4% in May, down from 2.6% in April.
Compared to April, consumer prices in the EU stayed put in May, whereas the euro area registered a 0.1% reduction.
Consumer prices in Latvia increased stayed the same in May when compared to April, while Lithuania saw a 0.1% increase and Estonia a 0.2% increase.