Romanias headline inflation eases to 5% y/y in October.

By bne IntelliNews November 13, 2012
Romania's consumer price inflation eased to 5% y/y in October after peaking to 5.3% y/y in September, the statistics office reported. CORE2 inflation was 3.2% y/y in September. The average consumer prices in the 12 months ending October were 3.1% up y/y, accelerating from 3% y/y growth registered last month. Consumer prices increased by only 0.29% on the month in October, as prices of vegetables turned to a 4.7% decline, correcting for the excessive 9.9% advance in September. Food prices saw a smaller advance in October (less than 0.1% m/m), while prices of services advanced by nearly 0.9% on the month. Food prices contributed more substantially to inflation on an annual basis as they increased by 5.2% y/y - compared to 3.7% y/y rise in non-food prices and 4% y/y rise in services prices. Romania's central bank raised the year-end inflation projections by 1.9pps to 5.1% y/y for 2012 and by 0.5pps to 3.5% y/y for 2013, according to its Quarterly Inflation Report released on Nov 7. The central bank targets annual inflation of 3% at end-2012 and 2.5% at end-2013 - therefore the projected inflation will remain outside the +/-1pps band this year but will enter the band at the end of next year.

Romanias headline inflation eases to 5% y/y in October.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335