Consumer price growth has hit double digits in at least a third of EU countries, with the most severe spike seen in the Baltic region, the Financial Times reported this week.
According to the paper, nine members of the bloc have seen inflation surpass 10%, with the biggest increase observed in Estonia, where consumer prices have surged by 19% year-on-year.
Other badly affected countries are Lithuania with inflation at 16.8%, Bulgaria with 14.4%, the Czech Republic with 14.2%, along with Romania (13.8%), Latvia (13%), Poland (2.4%) and Slovakia (11.7%). The publication added that Turkey, which has had the status of an EU candidate since 1999, has an inflation rate of 70% due to the collapse of the national currency.