Romania: Annual drop in consumer prices softens in October
November 11, 2016
In October, consumer prices inched up 0.4% from the previous month, contrasting September’s 0.1% contraction. October’s result reflected price increases across the board for food and non-food products, as well as for services.
In annual terms, consumer prices recorded a 0.4% drop in October (September: -0.6% 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 1.7% to minus 1.6%.
Author: Christopher Mc Innes, Economist