Romania: Inflation eases slightly in November
December 11, 2013
In November, consumer prices were virtually unchanged over the previous month, which was below the 0.3% rise observed in October. The reading was the result of lower prices for food, which entirely offset higher prices for services.
Annual headline inflation inched down from 1.9% in October to 1.8% in November. Inflation is still within the Central Bank's tolerance margin of plus/minus 1.0% around its target of 2.5%. In addition, annual average inflation edged down from 4.5% in October to 4.3% in November.
The Central Bank foresees inflation ending 2013 at 1.8% and 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation at 3.9% by the end of 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panelists anticipate an inflation rate of 3.6%, which is down 0.1 percentage points from last month's projection.
Author: Dirina Mançellari, Senior Economist