May The highest inflation in the entire euro area is recorded in Estonia – BNN

In May, high 12-month inflation was observed across the euro area. Estonia was the leader with a very rapid increase of 20.1%, followed by the other Baltic countries, according to EU statistical agencies Eurostat preliminary estimates.

Compared to May 2021, the average inflation in the euro area in May was 8.1%. Of the 19 eurozone countries, prices rose the fastest in Estonia with 20.1% (19.1% year-on-year until April), followed by Lithuania with 18.5% (16.6%) and Latvia with 16.4% (13.1%). and Slovakia with 11.8% (10.9%).

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The slowest price increase was in Malta with 5.6% (5.4%) and France with 5.8% (5.4%).

In the euro area, energy prices, which were 39.2% higher in May than in May 2021, had the largest impact on price changes. In May, food, alcohol and tobacco were 7.5% more expensive in the euro area on an annual basis, an increase of 6.3% from April. Eurostat preliminary estimates.

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