Romania: Annual drop in consumer prices deepens in September
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion. September’s result mainly reflected lower prices for food products, offsetting the comparatively smaller increase for non-food products.
In annual terms, consumer prices recorded a 0.6% drop in September (August: -0.2% year-on-year). Inflation remains far below the Central Bank’s tolerance margin of plus/minus 1.0% around its 2.5% target. The annual average variation of consumer prices inched up from minus 1.8% to minus 1.7%.
Author: Christopher Mc Innes, Economist