Romania: Inflation stable but below target range in May
June 12, 2017
In May, consumer prices rose 0.3% compared to the previous month, which met market expectations and marked the highest level in 2 years–although April registered the same increase in prices. May’s print was broad-based as all subcategories recorded increased prices; the subcategories food and services recorded the greatest increases.
Inflation in May came in at 0.6%, the same reading as the previous month but it remains well below the target range of 1.5%-3.5% set by the Central Bank. Inflation has been below the target range since September 2014. Annual average inflation edged up from April’s minus 0.5% to minus 0.2% in May, the highest level in 18 months.
Author: Jan Lammersen, Economist