Romania Inflation

Romania

Romania: In September Inflation jumps to highest rate in nine months

October 10, 2014

In September, consumer prices rose 0.12% over the previous month, which contrasted the 0.31% fall observed in August. The figure marked the fastest increase in five months. According to the National Institute of Statistics (INSSE), September’s result reflected higher prices for food and non-food goods as well as for services.

Annual headline inflation rose from 0.8% in August to 1.5% in September, which marked the highest rate in nine months. As a result, inflation reached the lower boundary of Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation remained at August’s 1.2%, which had marked the lowest rate on record.

The Central Bank foresees inflation of 2.2% in 2014 and 3.0% in 2015. FocusEconomics Consensus Forecast panelists see inflation of 3.4% by the end of 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists anticipate 3.2% inflation.


Author:, Senior Economist

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Romania Inflation September 2014 0

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


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