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Romania’s April CPI +0.27% M-M, Annual Inflation Narrows To 6.45%

Romanian consumer price index rose 0.27% in April compared with the previous month, and the annual inflation fell to 6.45 % from 6.71% end-March, the National Statistics Institute reported Tuesday.
Romania's April CPI +0.27% M-M, Annual Inflation Narrows To 6.45%
12 mai 2009, 10:42, English

The inflation growth in April was due to a 0.8% monthly increase in non-food prices. Food prices stayed flat on the month, while service prices fell 0.5% in April.

Romanian analysts polled by MEDIAFAX saw the monthly inflation dropping from 0.5% in March to 0.3% in April, due to the Romanian leu appreciation.

The harmonized index of consumer prices, or HICP, stood at 7.4% at the end of March.

Romania’s inflation in 2008 ranked at 6.3%, as the depreciation of the leu against the euro by the end of the year counterbalanced the positive effect of price decrease in non-food products.