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Romania's inflation slows down to 3.9% y/y in August

Romania's inflation slows down to 3.9% y/y in August Romania's inflation - August '18 - August '19

BUCHAREST (Romania), September 11 (SeeNews) - Romania's consumer prices rose by 3.9% year-on-year in August, compared to an increase of 4.1% in the previous month, the national statistical office, INS, said on Wednesday.

Food prices increased 5.02% year-on-year in August, while non-food prices added 2.98%, INS said in a statement.

Prices of services grew by 4.23% in August.

On a monthly comparison basis, Romania's consumer price index (CPI) rose 0.06% in August, as food prices were 0.29% lower, non-food prices edged up by 0.22%, and prices of services rose by 025%.

The average consumer price inflation over the last 12 months was 3.9%, 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=4.7318 lei)

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