Romania Inflation August 2016

Romania

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%.

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.1% on average in 2016, which is down 0.4 percentage points from last month’s forecast. For 2017, panelists expect average inflation of 2.1%.


Author:, Economist

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Romania Inflation August 2016

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


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