In April, consumer prices increased 0.66% over the previous month, which was slightly above the 0.60% print recorded in March. The rise mainly reflected elevated prices for food and non-food items, while prices for services dropped slightly. Annual headline inflation rose from 8.0% in March to 8.3% April, which marked the highest level since July 2008. The increase surprised market analysts, who saw inflation edging up to 8.2%. Annual average inflation jumped from 6.8% in March to 7.2% in April. Despite the elevated rate of inflation, at its 3 May meeting the Central Bank left the monetary policy rate unchanged at 6.25%, the same result arising from its last eight meetings. In addition, the Bank maintained the same reserve requirements on both foreign-exchange and leu-denominated liabilities. The Bank will next meet on 29 June. The Central Bank has set a 3.0% inflation target for this year with a 1.0 percentage point tolerance margin. However, the Bank raised its year-end inflation forecast from 3.6% to 5.1%, and from 3.2% to 3.6% in 2012.
Inflation hits almost 3-year high
May 10, 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.