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February 23, 2024
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Economy Romanian News

Romania Posts Highest Annual Inflation among EU States in SEE in July

Romania posted the highest annual inflation rate among EU member states in Southeast Europe (SEE) in July, at 8.9%, the EU’s statistical office said on Friday.

In comparison, as related by SEE News, Eurostat said in a data release Greece recorded the lowest annual inflation among EU members in SEE last month, at 3.5%, compared to the EU average of 6.1%.

In monthly terms, Greece also saw a decline in consumer prices by 1%, whereas consumer prices in the EU remained unchanged from June.

On the other hand, Bulgaria’s monthly inflation rate was the highest among EU states in SEE in July, at 1.2%.

Data about inflation rates in EU member states in SEE follows (in pct):

InflationJuly annual rateJuly monthly rate
Bulgaria7.81.2
Croatia8.01.1
Greece3.5-1.0
Romania8.90.1
Slovenia5.70.0
EU average6.10.0
Source: Eurostat

Romanians are among the Europeans suffering the most from inflation, but this is not all. According to a recent study, the pricing index in Romania and other SEE countries is the highest in the EU. This combination makes living in Romania tricky during these times, with 25% of the salary being spent on food.

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