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Romania's inflation rate up to 1.8 percent in September, says INS

The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

2017-10-11 14:25:05

Prices increased in September by 0.5 percent as compared to August.
"Consumer prices in September 2017, Y-o-Y, increased 1.8 percent. The average rate of consumer prices over the last 12 months (October 2016 - September 2017), Y-o-Y, calculated against the CPI [consumer price index] stands at 0.4 percent. Determined on the Harmonised Index of Consumer Prices (HICP) basis, the average rate is 0.5 percent," reads the release.

Prices of food products went up last month 0.54 percent, like those of non-food products while service tariffs increased 0.32 percent.

The National Bank of Romania (BNR) revised at the beginning of August the inflation forecast for the end of this year to 1.9 percent, given that it had previously estimated a 1.6 percent inflation rate, down 0.1 percentage points.



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