Romania: Inflation accelerates in July
August 11, 2017
In July, consumer prices edged up 0.3% compared to the previous month, up from June’s flat print. July’s result was driven by a rise in non-food prices and services, which offset a drop in food prices.
Inflation in July came in at 1.4%, up from 0.9% in June but still below the target range of 1.5%–3.5% set by the Central Bank. Inflation has been below the target range since September 2014. Annual average inflation edged up from June’s minus 0.1% to plus 0.1% in July, the highest level since August 2015.
Author: Christopher Mc Innes, Economist