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

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.