Romania ranked 12th in EU on annual inflation rate in October this year, with 3.6 percent, while the EU posted an average annual inflation rate of 3.4 percent, up from 3.3 percent in September, according to Eurostat. In October, 2011, the lowest annual rates were reported in Sweden with 1.1 percent, Ireland – 1.5 percent, Malta – 2.4 percent, while the highest was posted in the UK, of 5 percent.

However, Romania reported the highest 12-month averages up to October 2011, of 6.6 percent, followed by Estonia with 5.2 percent, and the UK with 4.3 percent.

In the euro area the inflation rate stood in October at the same level reported in the previous month, of 3 percent. Read the entire Eurostat report here.

Irina Popescu, irina.popescu@romania-insider.com

(photo source:Sxc.hu)