Eurostat: Romania Posts Lowest Annual Inflation Rate In The EU, In April 2017

Romania posted the lowest annual inflation rate, of 0.6%, in the European Union, in April 2017, and one of the lowest monthly inflation rates, of 0.2%, according to data published on Wednesday by Eurostat, the statistical office of the European Union.

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Euro area annual inflation was 1.9% in April 2017, up from 1.5% in March. In April 2016, the rate was -0.2%. European Union annual inflation was 2.0% in April 2017, up from 1.6% in March. A year earlier the rate was -0.2%.

The lowest annual rates were registered in Romania (0.6%), Ireland (0.7%) and Slovakia (0.8%). The highest annual rates were recorded in Estonia (3.6%), Lithuania (3.5%) and Latvia (3.3%). Compared with March 2017, annual inflation fell in six Member States, remained stable in three and rose in nineteen.

The largest upward impacts to euro area annual inflation came from fuels for transport (+0.39 percentage points), package holidays (+0.12 pp) and heating oil (+0.11 pp), while telecommunication (-0.11 pp), garments (-0.08 pp) and bread & cereals (-0.05 pp) had the biggest downward impacts.

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