In May, consumer prices increased 0.21% over the previous month, which was below the 0.66% print recorded in April. The rise was broad-based, reflecting elevated prices for food and non-food items as well for services. Annual headline inflation inched up from 8.3% in April to 8.4% May, which marked the highest level since July 2008. The increase surprised market analysts, who saw inflation edging up to 8.5%. Annual average inflation rose from 7.2% in April to 7.5% in May. The Central Bank has set a 3.0% inflation target for this year with a 1.0 percentage point tolerance margin. However, the Bank forecasts year-end inflation at 5.1% this year, and 3.6% in 2012.
Inflation rises to highest level in almost two years
June 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.