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Balts' annual inflation remains EU's highest

VILNIUS – The harmonized annual inflation in the Baltic states remained the highest in the European Union (EU) in May, Eurostat said on Monday.

In May, inflation stood at 3.5 percent in Lithuania and 3.1 percent in Latvia and Estonia each, the EU statistics agency said.

Annual increase in prices was recorded in all countries of the EU in March, except for Ireland where prices declined by 0.6 percent year-on-year. Across the EU, annual inflation stood at 1.4 percent in May, reported at 1.3 percent in the euro area.

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