Romania: Inflation inches down in October
November 11, 2014
In October, consumer prices rose 0.19% over the previous month, which followed the 0.12% increase observed in September. The figure marked the fastest increase in six months. According to the National Institute of Statistics (INSSE), October’s result reflected higher prices for food and services, which were partly offset by lower prices for non-food goods.
Annual headline inflation inched down from 1.5% in September to 1.4% in October. As a result, inflation is now slightly below 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 September’s 1.2%, which had marked the lowest rate on record.
Author: Dirina Mançellari, Senior Economist