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Romania's annual inflation rate edges down to 5.0% in September

Romania's annual inflation rate edges down to 5.0% in September None

BUCHAREST (Romania), October 10 (SeeNews) - Romania's annual consumer price inflation decelerated to 5.0% in September from 5.1% in the previous month, the national statistical office, INS, said on Wednesday.

Food prices rose 4.44% year-on-year in September, while non-food prices increased 6.55%, INS said in a statement.

Prices of services grew by 2.54% year-on-year in September.

On a monthly comparison basis, Romania's consumer price index (CPI) rose by 0.47% in September, as food prices gained 0.83%, non-food prices increased by 0.32% and prices of services rose 0.26%.

In August, Romania's central bank BNR decreased its annual inflation forecast for 2018 to 3.5% from 3.6%, back within its target band of 1.5-3.5%.

In October, BNR maintained its monetary policy rate at 2.50%. BNR last changed the rate in May, increasing it to 2.50% from 2.25%, the third rate hike this year.

(1 euro=4.6668 lei)

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