Romania Inflation September 2016

Romania

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%.

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.1% on average in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect average inflation of 2.0%.


Author:, Economist

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Romania Inflation September 2016

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics.


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