Estonia tops eurozone inflation list

16.03.2012, 15:56

The 4.4 percent year-on-year inflation rate Estonia saw in February was the highest among Eurozone members, the second month in a row the country has topped the list, reports ERR.

According to the latest Eurostat figures, only Slovakia came close last month with 4 percent, while the lowest inflation rates in the Eurozone were registered in Greece at 1.7 percent and Spain at 1.9 percent. Updated figures for Ireland, which had a 1.3 percent inflation in January, were not given.

Estonia's result puts it well above the Eurozone average of 2.7 percent, but is unsurprising given the fact that it had the highest Eurozone inflation in 2011.

Among the 27 EU member states, Estonia's February inflation rate tied with Poland's as the second highest, coming in behind Hungary's 5.8 percent price rise. Sweden had the lowest inflation, just 1.0 percent.