Romania: Inflation reaches record low in June
July 10, 2014
In June, consumer prices fell 0.27% over the previous month, which was below the virtually flat reading observed in May. According to the National Institute of Statistics (INSSE), June’s result reflected lower prices for food and services.
Annual headline inflation fell from 0.9% in May to 0.7% in June, 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 2.2% in May to a record low of 1.8% in June.
Author: Dirina Mançellari, Senior Economist