Romania: Inflation stable in February
March 12, 2014
In February, consumer prices rose 0.3% over the previous month, which was below the 0.9% increase recorded in January. According to the National Institute of Statistics (INSSE), the slight increase resulted from higher prices for food goods and services. Annual headline inflation was stable at January's 1.1%, which had marked the lowest level 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 3.6% in January to 3.2% in February. The Central Bank foresees inflation ending 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation of 3.9% by the end of 2014, which is up 0.1 percentage points from last month's forecast. For 2015, panelists anticipate 3.6% inflation.
Author: Dirina Mançellari, Senior Economist