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17 July 12:23

Annual inflation in the EU rose to 2.3% in June, with Romania having the highest rate at 5.8%. Other countries with low inflation are Cyprus, France and Ireland.

Alma Stefureac

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Economy

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The annual inflation rate in the European Union rose to 2.3% in June, with Romania having the highest inflation at 5.8%. The lowest inflation rates were in Cyprus (0.5%), France (0.9%) and Ireland (1.6%). In the euro area, inflation reached 2%, supported by rising services prices. Romania, which has had high inflation in recent months, is expected to see an even bigger increase due to the expiry of energy price caps and tax hikes. The National Bank of Romania has revised its inflation forecast for the end of 2025 to 4.6%.

Sources

România rămâne ţara cu cea mai mare inflaţie din Uniunea Europeană și în iunie, potrivit Eurostat / România este campioana inflației din martie anul trecut, doar două luni a fost depășită de Ungaria

Record negativ. România rămâne campioana inflaţiei în UE – date Eurostat

Inflația în Uniunea Europeană este în creștere, în iunie, față de luna precedentă. Cele mai mari valori sunt înregistrate în România

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Romania recorded in September the highest inflation in the EU, at 9.88%, with significant increases in non-food goods and services.

Economy

The government deficit in the EU has risen to 2.9% of GDP, with Romania having the largest deficit at 8.7%, although this has decreased from 10.3% of GDP in the last three months of 2024. Public debt in the euro area has increased to 88.2%.

Economy

CFA Romania analysts signal a possible entry into recession for the Romanian economy, according to the Macroeconomic Confidence Indicator, with expectations of increased budget deficit and declining inflation.

International

In 2024, 17.4% of the EU population considers itself poor, a decrease from 19.1% in 2023. Greece, Bulgaria, and Romania have the highest rates.

Current Affairs

eJobs Survey: 76% of respondents are affected by the recent price increases. Romanians are giving up city outings, buying clothes less often, putting vacations on hold, and purchasing brands from lower price categories.

Economy

The Minister of Energy, Bogdan Ivan, stated that Romania still has high energy prices, raising the subject during the CESEC meeting.

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