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Romania's inflation rate climbs to 4.1% y/y in July

Romania's inflation rate climbs to 4.1% y/y in July Romania's July inflation

BUCHAREST (Romania), August 12 (SeeNews) - Romania's consumer prices rose by 4.1% year-on-year in July, compared to an increase of 3.8% in the previous month, the national statistical office, INS, said on Monday.

Food prices rose 5.15% year-on-year in July, while non-food prices added 3.44%, INS said in a statement.

Prices of services grew by 4.11% in July.

On a monthly comparison basis, Romania's consumer price index (CPI) fell 0.2% in July, as food prices were 0.66% lower, non-food prices edged down by 0.02%, and prices of services edged up by 0.1%.

The average consumer price inflation over the last 12 months was 4.0%, INS said.

On August 8, Romania's central bank said it is maintaining its 2019 inflation forecast at 4.2%, while increasing its projection for 2020 to 3.4% from 3.3% predicted in May.

On August 5, the central bank maintained its monetary policy rate at 2.50%.

(1 euro=4.7273 lei)