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Annual inflation rate drops to 1.2% in Romania in August

  • Source:www.romania-insider.com
  • Date:2017-09-13 14:56
 

consumer prices

Romania’s annual inflation rate dropped to 1.2% in August, according to the National Statistics Institute (INS).

By comparison, the annual inflation rate amounted to 1.4% in July.

Romania’s National Bank (BNR) expects an inflation rate of 1.9% at the end of the year, according to its August prognosis. BNR previously estimated a 1.6% inflation for this year.

The inflation is expected to grow to 3.2% at the end of 2018 and 3.5% in the first quarter of 2019, according to BNR. Calculated at constant rates, the inflation rate will reach 2.9% in December 2017, a value above the central inflation target of 2.5%.

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  • Source:www.romania-insider.com
  • Date:2017-09-13 14:56
Key Words:inflation,rate,BNR,National,August
 
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