Iflation- hottest level

The average inflation rate in the 13 countries in Euro area has increased to 3,1% in November (year-on-year inflation: 2,6% in October, 2,1% in September 2007). This is the highest level since single currency introduction, in 2002.
The Member State with the highest inflation rate in Euro area was the new-comer Slovenia (5,7%), and the lowest rate was in The Netherlands 1,8% (both in Euro zone and in the entire EU).
Main reasons: prices were pushed up by factor such as: transport fuel and heating oil and higher costs for basic foods: milk, cheese and eggs etc.).
In the entire EU the average rate was also 3,1% in November, and the highest point was reached in Latvia: 13,7%.
N.B.: For Romania: 6,67%, while the target was 4% +/- 1%.

“This calls for renewed attention and moderation from governments, social partners and companies to avoid second-round effects,”

said Amelia Torres- EU Commission spokeswoman