In January, consumer prices increased 0.77% over the previous month, which was up from the 0.53% rise recorded in December. The increase mainly reflected higher prices for food and non-food items, while services recorded a slight drop. Annual headline inflation decreased from 8.0% in December to 7.0% in January, broadly in line with market expectations.. However, annual average inflation inched up from 6.1% in December to 6.2% in January. Despite the elevated level of inflation, at its 3 February meeting, the Central Bank left the monetary policy rate unchanged at 6.25%, where it has remained since May last year. The next meeting is scheduled for 29 March. The Central Bank has set a 3.0% inflation target for this year with a 1.0 percentage point tolerance margin, and expects inflation to end the year at 3.6%.
Inflation drops in January
February 14, 2011
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Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.