In May, inflation in the European Union set a new record and reached 8.8 percent on an annual basis, Eurostat reported, quoted by BTA. In the Eurozone alone, inflation is 8.1 percent. As a result of the crisis in Ukraine, in 14 EU countries, annual inflation in May was higher than the European Union-wide average.
In terms of the rising cost of living, Bulgaria is in fifth place with 13.4% on an annual basis, after Estonia (20.1%), Lithuania (18.5%), Latvia (16.8%) and the Czech Republic (15,2%).
The data are according to the Harmonized Index of Consumer Prices (HICP).
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