Romania: Inflation falls to lowest level in two decades
January 11, 2012
In December, consumer prices rose 0.23% over the previous month, which came in below the 0.42% rise recorded in November. The increase was the result of higher prices for food, as well as for services. Annual headline inflation fell from 3.4% in November to 3.1% in December, which was within the Central Bank's tolerance margin of 2%-4%, and marked the lowest level in two decades. The reading was below market expectations that had inflation inching down to 3.3%. Annual average inflation dropped from 6.2% in November to 5.8% in December. The Central Bank expects inflation to end this year at 3.0%, in line with its target.