Romania's Consumer Prices Rise 0.44% M/M in Oct, Meet Expectations

Annual inflation slowed to 4.30% in October from 4.94% in the previous month.

Three local bank analysts polled by SeeNews earlier this week put the monthly October inflation between 0.4% and 0.5%, and annual inflation at around 4.4%.

The average monthly consumer price inflation in the first 10 months of 2009 was 0.4%, compared to 0.6% a year earlier, Romania's statistics office INS said in a statement.

Romania's end-year inflation slowed to 6.3% last year from 6.57% in 2007, way above the upper end of the central bank's 2.8%-4.8% target band for 2008.

Romania's October consumer prices (pct change):