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Romania's annual inflation slows down to 3.8% y/y in June

Romania's annual inflation slows down to 3.8% y/y in June June 2019

BUCHAREST (Romania), July 10 (SeeNews) - Romania's consumer prices rose by 3.84% year-on-year in June, compared to a 4.1% growth recorded in the previous month, the national statistical office, INS, said on Wednesday.

Food prices rose 5% year-on-year in June, while non-food prices added 2.89%, INS said in a statement.

Prices of services grew by 4.26% in June.

On a monthly comparison basis, Romania's consumer price index (CPI) fell 0.23% in June, as food prices were 0.47% lower, non-food prices lost0.24%, and prices of services rose 0.17%.

The average consumer price inflation over the last 12 months as compared to the previous 12 months was 4.1%, INS said.

In May, Romania's central bank (BNR) raised its annual inflation forecast for 2019 to 4.2% from 3%, outside its target band of 1.5-3.5%.

On July 4, BNR maintained its monetary policy rate at 2.50%.

The central bank last changed its key rate in May 2018, increasing it to 2.50% from 2.25%.

(1 euro=4.7269 lei)