Romania: Annual drop in consumer prices eases in August
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction. August’s result mainly reflected higher prices for non-food products, which more than offset lower prices for food and services.
In annual terms, consumer prices recorded a 0.2% drop in August, which was a 15-month high and above July’s 0.8% fall. 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 1.9% to minus 1.8%.
Author: Christopher Mc Innes, Economist