November 11 (SeeNews) - Romania's consumer prices rose by 0.44% month-on-month in October, compared to a 0.39% rise in September, meeting analyst expectations, official figures indicated on Wednesday.
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):
|
M/M |
Y/Y |
Total |
+0.44 |
+4.30 |
Food |
+0.15 |
+0.88 |
Non-food |
+0.46 |
+5.40 |
Services |
+0.94 |
+8.78 |