Romania continues to be the EU inflation champion

The annual inflation rate in the European Union rose to 2.7% in December, from a level of 2.5% in November, and Romania is, for the tenth month in a row, the country with the highest inflation in the community block, with an annual price increase of 5.5%, according to data published by the European Statistical Office.
Last month, the lowest annual inflation rates in the EU were recorded in Ireland (1%), Italy (1.4%), Finland, Sweden and Luxembourg (all 1.6%), while the highest were in Romania (5.5%), Hungary (4.8%) and Croatia (4.5%).

In Romania, according to data published on Tuesday by the National Institute of Statistics (INS), the annual inflation rate rose to 5.14% in December 2024, from 5.11% in November, as food prices rose by 5.09%, non-food prices by 4.38% and services by 7.10%.

The National Bank of Romania (BNR) has revised upwards, to 4.9%, from 4% previously, the inflation forecast for the end of 2024 and anticipates that it will reach 3.5% at the end of 2025.