Romania: Annual variation in consumer prices turns more negative in November
December 12, 2016
Consumer prices inched up 0.1% in November from the previous month, below October’s 0.4% rise. November’s figure reflects small increases in the price of food and non-food items, while the price of services fell compared to the prior month.
The annual variation in consumer prices dropped to minus 0.7% from minus 0.4% in October, and remains far below the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices remained constant at minus 1.6%.
Author: Dirina Mançellari, Senior Economist