Romania’s annual inflation rate, which measures the evolution of consumer prices over the past year, declined in June to 3.84%, from 4.1% in May and April, according to data from the National Statistics Institute (INS).
Food prices increased by 5% year-on-year in June 2019, while non-food prices registered a more moderate growth of 2.89%. Meanwhile, services’ prices were up 4.26% year-on-year.
Compared to December, the highest increases in prices were seen for potatoes (37.39%), fresh fruit (13.62%), other vegetables and canned vegetables (12.97%), and citrus fruits (19.84%). Fuel prices also increased by 4.6% in this period.
In May this year, the central bank BNR increased its annual inflation forecast for end-2019 to 4.2%, and for end-2020 to 3.3%.
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