Romania also had the highest inflation of the European Union in July

today, 00:03

Author:

Iulian Anghel

♦ According to Eurostat data, the highest annual rates were registered in Romania (4.7%), Estonia (3.9%) and Hungary (3.2%), and the opposite is Denmark, with annual inflation in June of 1.1%, Greece (1%) and Ireland (0.7%). In the EU, the average was 2%.

Romania ranks first in the European Union in terms of annual inflation rate in June 2018, registering a 4.7% rise in the consumer price index Harmonized (HICP), according to data published Wednesday by Eurostat

Data previously published by the National Institute of Statistics showed inflation, measured by the CPI of 5.4%. At the July 4 monetary policy meeting, the BNR Board of Directors maintained its key interest rate at 2.5%, but the minutes of the meeting highlighted the concerns of the Bank. ;institution. continued to be the main determinant of GDP growth, but with a significant reduction due to a large decrease in its annual dynamics, with possible explanations for the increase in public confidence and the severe loss of disposable income . For example, in May (latest data), average net wages rose 14.4% over May 2017, but the real increase was 8.5% due to inflation

. BNR did not change the interest rate (19659004) The rise in key interest rates drove up commercial interest rates on the lei, which tempered consumption (the people are borrowing less for consumption because of higher interest rates). (1969004) According to Eurostat data, the highest annual rates were registered in Romania (4.7%), Estonia (3.9%) and Hungary (3.2%). the opposite is Denmark, with annual inflation in June of 1.1%, Greece (1%) and Ireland (0.7%). In the EU, the average was 2%