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Eurostat: the lowest annual inflation rates being recorded in Ireland, Romania, Bulgaria and Denmark


The annual inflation rate in the European Union (EU) rose in February 2017 to 1.9 pct from 1.7 pct in January 2017, the lowest annual rates being recorded in Ireland (0.3 pct), Romania (0.5 pct), Bulgaria and Denmark (both 0.9 pct), according to data published Thursday by the European Statistical Office (Eurostat). 

Data published on March 10 by the National Institute of Statistics (INS) show that the annual rate of inflation continued its upward trend in the conditions in which consumer prices rose by 0.2 pct in February as compared to the same month of 2016, amid higher prices of food goods by 1.43 pct. The average consumer price growth in the last 12 months (March 2016 - February 2017) in comparison with the previous 12 months (March 2015 - February 2016), calculated based on the CPI (consumer price index e.n.) is -1.1 pct. The average rate is 0.7 pct as determined based on the HICP. 

The National Bank of Romania (BNR) revised downwards the inflation forecast for the end of this year by 0.4 percentage points, to 1.7 pct.