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.
Author: Dirina Mançellari, Senior Economist