Romania's yearly inflation recorded in July, of 4.9 percent, was the second biggest in the European Union, just 0.4 percentage points below Estonia, according to data released by Eurostat. The average annual inflation in the EU was of 2.9 percent in July. Lithuania came third, right after Romania, with an inflation of 4.6 percent. The lowest annual inflation rates were recorded in Ireland – 1 percent, Slovenia – 1.1 percent and Sweden, 1.6 percent.

Romania's National Institute of Statistics announced a yearly inflation of 4.85 percent in July. Read more about it.

More about the inflation in the member states here.

editor@romania-insider.com

(photo source: Carrefour)