Euro zone annual inflation rate rises again
EU statistics institution Eurostat said that the annual inflation rate in Euro zone rose to 2.5% in May from 2% in April. The rate a year earlier was 1.8%. Monthly inflation was registered as 0.3% in May 2004.
Separately, annual inflation rate in the 25 member states of European Union (EU) hit 2.4% in May. A year earlier the rate was 1.7%.
According to the figures published by Eurostat, member countries which marked the highest annual rates for May are;
Slovakia with 8.2%,
Hungary with 7.8%,
Latvia with 6.1% and
Slovenia with 3.9%, whereas the lowest rates were seen in
Finland with -0.1%,
Lithuania with 1%,
Denmark with 1.1% and
Cyprus with 1.2%.
In addition, annual inflation rate was recorded as 2.1%, 2.8% and 2.3% in
Germany,
France and
Italy respectively.