In May, quick changes in consumer prices on year were noticed across the eurozone. Leading the list, however, are the Baltic states with Estonia’s 20,1%, Estonian public broadcaster ERR reports quoting a flash estimate by the EU’s statistics agency.
Eurostat estimated that the Eurozone inflation was 7.4% in April. Energy prices continued to have the largest effect in May, with the price increse there surging from 37.5% in April to 39.2% in May.
Prices of food, alcohol and tobacco grew more expensive by 7.5% in May, up from 6.3% in April.
In the Baltics, Estonia’s inflation was fastest among the 19 Eurozone members, with the flash estimate indicating an impressive 20.1%. In April, it was slower, at 18.1%.
The next after Estonia in May on year there was Lithuania with 18.5%, Latvia with 16.4% and Slovakia with 11.8%.
The situation was better in Southern Europe, where the price increase was the slowest in Malta with just 5.6%.
Eurozone’s fastest inflation last month seen in Estonia
