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Romania's Sept Monthly Inflation at 0.4%, Annual Inflation Slows to 7.3% - Table

Oct 10, 2008, 10:39:23 AMArticle by Sabina Kotova
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October 10 (SeeNews) - Romania had a monthly inflation of 0.4% in September after reporting deflation in August, and its annual inflation slowed down to 7.3% last month, data from the country's statistics institute, INS, indicated on Friday.

Romania's Sept Monthly Inflation at 0.4%, Annual Inflation Slows to 7.3% - Table

In August the country reported a monthly deflation of 0.09% and an annual consumer price inflation of 8.02%.

The median forecast of three bank analysts polled by SeeNews earlier this week put Romania’s September monthly consumer price index (CPI) at 0.25%. They projected an annual rise in prices of between 7.1% and 7.2% in September.

The average monthly consumer price inflation in the nine months through September was 0.5%, compared to 0.4% in the same period of 2007, the INS said.

Romania's end-year inflation quickened to 6.57% in 2007 from 4.87% in 2006, missing BNR's target band of 3.0%-5.0%.

Romania's September consumer prices (pct change):

M/M Y/Y
Total +0.40 +7.30
Food +0.33 +7.08
Non-food +0.19 +7.75
Services +1.05 +6.60

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