Romania: Inflation rises in July
August 11, 2014
In July, consumer prices fell 0.05% over the previous month, which was above the 0.27% fall observed in June. According to the National Institute of Statistics (INSSE), July’s result reflected lower prices for food goods.
Annual headline inflation rose from 0.7% in June to 1.0% in July. 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 1.8% in June to a record low of 1.5% in July.
Author: Dirina Mançellari, Senior Economist