Romania: Inflation jumps on higher food prices
October 10, 2012
In September, consumer prices jumped 1.18% over the previous month, which more than doubled the 0.51% increase recorded in August and widely exceeded market expectations of a 0.60% increase. The increase was the result of higher prices in all categories, particularly food items. As a result, annual headline inflation jumped from 3.9% in August to 5.3% in September, which was well above the Central Bank's tolerance margin of 3.0% plus/minus 1.0%, and exceeded market expectations of a 4.7% rate. In addition, the reading marked the highest rate since June 2011. Annual average inflation rose from 2.8% in August to 3.0% in September.