Inflation in the European Union in May set a new record and reached 8.8 percent on an annual basis, according to Eurostat.

In the eurozone alone, inflation is 8.1 percent. 

Russia's military invasion of Ukraine has further strained global supply chains and led to higher energy and commodity prices, according to the European Statistics Office.

In 14 EU countries, inflation in May was higher on an annual basis than the European Union-wide average.

Its highest level is reported in Estonia (20.1 percent).

Lithuania (18.5 percent) and Latvia (16.8 percent) follow.

Bulgaria ranks fifth among EU countries in the cost of living - 13.4 percent on an annual basis.

Annual inflation for May jumped 15%

In 13 EU countries, inflation in May was equal to or lower on an annual basis than the European Union-wide average (8.8 percent). 

Its lowest levels were in Malta (5.8 percent) and France (5.8 percent).

Finland (7.1 percent) and Italy (7.3 percent) follow.

inflation