Romania: Inflation falls to record low in May
June 12, 2014
In May, consumer prices were virtually unchanged over the previous month, which was below the 0.27% increase recorded in April. According to the National Institute of Statistics (INSSE), May’s result showed that lower prices for food goods and services offset higher prices for non-food goods.
Annual headline inflation fell from 1.2% in April to 0.9% in May, which marked the lowest rate on record. Inflation is still below the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation fell from 2.5% in April to a record low of 2.2% in May.
Author: Dirina Mançellari, Senior Economist