In May this year, Romania and Malta, with 1.3%, and Latvia, with 1.2%, were the states with the highest annual inflation rate in the European Union. The data published by Eurostat showed that the annual inflation rate in the Eurozone increased from 0 in April to 0.3% in May. Compared to April 2015, inflation rose in 23 Member States, including in Romania, from 0.6% to 1.3%, remained stable in three and decreased in two Member States of the European Union. According to estimations from the European Central Bank, the inflation rate will be 0.7% this year and 1.3% next year, below the target of 2% that the institution took into account.
What strategies does the Commission have available for the reduction of inflation?
What are the factors influencing the increase of inflation, and how could the Commission contribute to their elimination?