The inflation rate is decreasing in the EU. In the Eastern bloc of the European community, Romania, Bulgaria, and Slovenia have the lowest levels

Today, Eurostat published the annual state of inflation in March 2023. Both in the euro area and in the EU as a whole, this indicator that reflects the economic and social state is constantly decreasing compared to the previous months.
The euro area annual inflation rate was 6.9% in March 2023, down from 8.5% in February. A year earlier, the rate was 7.4%. European Union annual inflation was 8.3% in March 2023, down from 9.9% in February. A year earlier, the rate was 7.8%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Luxembourg (2.9%), Spain (3.1%) and the Netherlands (4.5%). The highest annual rates were recorded in Hungary (25.6%), Latvia (17.2%) and Czechia (16.5%). Compared with February, annual inflation fell in twenty-five Member States and rose in two. In March, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+3.12 percentage points, pp), followed by services (+2.10 pp), non-energy industrial goods (+1.71 pp) and energy (-0.05 pp).
A more detailed view of the level of inflation in the Eastern bloc of the EU shows that, in March, Hungary still had a record inflation rate of 25.6%, followed by the Czech Republic with an inflation rate of 16.5 %. Bulgaria and Romania recorded inflation of 12.1%, respectively 12.2%. In Poland, prices remained at a high level, so that inflation was 15.2%, and in Slovakia and Slovenia the inflation rate was 14.8%, respectively 10.4%.