Romania: Inflation remains stable at over two-year low in March
April 10, 2020
Consumer prices rose 0.5% month-on-month in March, up from February’s 0.3% climb. The largest increase was recorded for prices for food, followed by services while prices for non-food goods dropped.
Meanwhile, inflation held steady at February’s 3.1% in March, the lowest print since October 2017. Thus, it remained within the Central Bank’s 1.5%–3.5% target range. For its part, annual average inflation inched down to 3.7% in March from 3.8% in the previous month.
Author: Javier Colato, Economist