Inflation In Central and Eastern Europe Is Rising, A Study Warns

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Inflation In Central and Eastern Europe Is Rising, A Study Warns

Inflation in Central and Eastern Europe in September rose significantly, according to a study, cited by DPA. The data includes Bulgaria and Romania as well.

According to some analysts inflation in Bulgaria surged from 12% in August to 13.9% in September. The increase in Romania is slower – from 5% to 5.5%.

In Czech Republic inflation stands at 2.8%, and in Lithuania it hit a 10-year highest at 7.1%. Such figures may lead to an increase of interest rates in Central Europe, and may raise doubts on the adoption of the euros as currency.

The study also found inflation grew at slowest pace in Slovakia, which is hoping to join the Eurozone in January 2009.

In August Slovakia's inflation stood at 2.3% and in September at 2.7%.

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