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Irina Marica
Senior News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing irina.marica@romania-insider.com

Annual inflation rate drops to 4.56% in Romania in July

The annual inflation rate, which measures the evolution of consumer prices in the last year, dropped to 4.56% in July this year, from 5.4% the month before, according to data from the National Statistics Institute (INS).

In July, food prices increased by 3.42% year-on-year while the prices of non-food products went up by 6.23% and those of services increased by 2.68%.

Compared to December 2017, the highest price increases were registered in July for air transport – 15.86%, natural gas – 10.43%, other vegetables and canned vegetables – 9.18%, fresh fruits – 6.88% and citrus fruits – 6.71%.

The central bank BNR expects the annual inflation rate to remain flat in the third quarter and start to decline in the last quarter.

The bank’s board decided on Monday, August 6, to keep the monetary policy rate unchanged at 2.5% per year. It also pumped some RON 10.5 billion (EUR 2.26 billion) in the market on Monday, buying state bonds from local banks, in the first repo operation this year.

The BNR board considers that the measures taken in the first part of this year, when they increased the monetary policy rate three times, from 1.75% per year to 2.5% per year, have successfully stopped the inflation rate increase.

Irina Marica, irina.marica@romania-insider.com

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Profile picture for user irina.popescu0
Irina Marica
Senior News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing irina.marica@romania-insider.com

Annual inflation rate drops to 4.56% in Romania in July

The annual inflation rate, which measures the evolution of consumer prices in the last year, dropped to 4.56% in July this year, from 5.4% the month before, according to data from the National Statistics Institute (INS).

In July, food prices increased by 3.42% year-on-year while the prices of non-food products went up by 6.23% and those of services increased by 2.68%.

Compared to December 2017, the highest price increases were registered in July for air transport – 15.86%, natural gas – 10.43%, other vegetables and canned vegetables – 9.18%, fresh fruits – 6.88% and citrus fruits – 6.71%.

The central bank BNR expects the annual inflation rate to remain flat in the third quarter and start to decline in the last quarter.

The bank’s board decided on Monday, August 6, to keep the monetary policy rate unchanged at 2.5% per year. It also pumped some RON 10.5 billion (EUR 2.26 billion) in the market on Monday, buying state bonds from local banks, in the first repo operation this year.

The BNR board considers that the measures taken in the first part of this year, when they increased the monetary policy rate three times, from 1.75% per year to 2.5% per year, have successfully stopped the inflation rate increase.

Irina Marica, irina.marica@romania-insider.com

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