Eight European countries had a negative inflation rates in May, including Cyprus (-1.7%) or Greece (-1.4%).
Compared to the previous month, the inflation rates grew in 23 member states in May. In Romania, it went up from 0.6% to 1.3%, as food prices increased just before the VAT rate cut for food was enforced, on June 1.
The inflation rate in Romania should drop in June to reflect the lower VAT. (source: Romania-insider.com)
Alexandra Filip
+40 745 200 485
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