Increase In Inflation In EU In April, Bulgaria Remains In Deflation
April inflation in the EU rebounded in March, but at the same time Bulgaria remains in strong deflation, only behind Greece, Eurostat reported. According to Eurostat, the consumer price index (CPI) across the European Union increased in April by 0.1 % on a monthly basis and 0.8 % on a yearly basis, bouncing from 0,6 %, which is the lowest inflation rate since October 2009. European statistics indicate that seven EU member states are deflation in April, as Bulgaria takes the unenviable second place in this ranking. Greece shows the deepest annual deflation in April, down by 1.6%, followed by Bulgaria (-1.3 %), Cyprus (-0.4 %), Hungary ( 0.25 ), Slovakia ( - 0.2%) , Croatia ( -0.1% ) and Portugal (-0.1 %). Highest annual inflation in April show Romania, UK and Austria, with 1.6%.