Romania: Inflation falls in December
January 14, 2015
In December, consumer prices fell 0.10% over the previous month, which followed the 0.19% decrease observed in November. According to the National Institute of Statistics (INSSE), December’s result reflected lower prices for non-food goods, which were partly offset by higher prices for services and food goods.
Annual headline inflation fell from 1.3% in November to 0.8% in December, which met market expectations and marked the lowest rate in six months. Inflation remains well below the lower boundary of the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation remained at November’s 1.1% in December, which had marked the lowest rate on record.
Author: Dirina Mançellari, Senior Economist