inflation

Romania. Isărescu: Annual inflation rate will follow a continuous downward path

The governor of the National Bank of Romania, Mugur Isărescu, says that the annual inflation rate will follow a continuous downward path. "We have also discussed a timetable for interest rate cuts. But we have to wait at least two months after the January inflation increase to be convinced", he adds

Romania Inflation Rate Flat at 3.3% in January

Romania's annual inflation rate stood at 3.3% in January, the same as in December 2018, data from the country's statistics board showed Wednesday.

Defense Minister: State Military Pensions Will Be Indexed With Average Yearly Inflation Rate

Romania’s Defense Minister, Gabriel Les, announced on Friday that military pensions paid by the state will be indexed with the average yearly inflation rate, after a government decree in this regard was passed last year.

Romania Annual Inflation Rate Climbs to 0.9% in June

Romania's consumer price index hit an annual rate of 0.9% in June, from 0.6% in May, data from the country's statistics board showed Tuesday.

Eurostat: Romania Posts Lowest Annual Inflation Rate In The EU, In April 2017

Romania posted the lowest annual inflation rate, of 0.6%, in the European Union, in April 2017, and one of the lowest monthly inflation rates, of 0.2%, according to data published on Wednesday by Eurostat, the statistical office of the European Union.

Eurostat: Romania Posts Lowest Annual Inflation Rate In EU In March 2017

Romania posted the lowest annual inflation rate, of 0.4%, in the European Union in March 2017, while the EU's average rate stood at 1.6% from 2% in February, EU’s statistics office Eurostat said Wednesday.

IMF: Romania’s Lower-Than-Expected Inflation Best News Since IMF Mission’s Previous Visit

The best news since the previous visit of the International Monetary Fund’s delegation to Romania is the decrease of the country’s inflation above expectations, IMF's mission head Jeffrey Franks said Sunday.

Romania Posts Highest Annual Inflation In EU For 9th Straight Month

Romania maintained the highest inflation in the European Union for the ninth month in a row in April, while the EU's average rate was up at 3.2% from 3.1% in March, statistics office Eurostat said Monday.

Romania Inflation Hits 32-Month High In April

Romanian consumer prices rose 0.66% in April from a month earlier, while the annual inflation accelerated to 8.34%, the highest level since July 2008, the country’s statistics institute INS said Tuesday.

IMF: Romania Central Bank May Need To Adjust Monetary Policy

Romanian central bank may need to adjust its monetary policies to tackle rising food and fuel prices and reach its inflation target for 2012, an official of the International Monetary Fund said Monday.

Romania Central Bank Ups Inflation Forecast To 5.1% In 2011, 3.6% In 2012

The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, governor Mugur Isarescu said Thursday.

Romania Posts Highest Annual Inflation In EU For 8th Straight Month

Romania maintained the highest inflation in the European Union for the eighth month in a row in March, while the EU's average rate was stable at 2.7%, statistics office Eurostat said Friday.

Romania Central Bank To Raise Inflation Forecast In May

Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food and oil prices, said Adrian Vasilescu, adviser to the central bank governor.

IMF Sees Romanian Inflation At 4% In December 2011

The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report.

Romania Inflation Hits 31-Month High In March

Romanian consumer prices rose 0.6% in March from a month earlier, while the annual inflation accelerated to an unexpected 8.01%, the highest level since August 2008, the country’s statistics institute INS said Monday.

Romania Ctrl Bker Says 2009/2010 Inflation Fiscal In Nature; Pressures Remain

Romania’s high inflation over the past two years was induced by fiscal imbalances and upward pressures will persist as long as the relation between taxpayers and beneficiaries of social security programs remains profoundly uneven, central bank governor Mugur Isarescu said.

Romania Ctrl Bk To Up 2011 Inflation Forecast As Food, Energy Prices Surge

Romania's central bank will revise upward its year-end inflation forecast, due to higher-than-expected international prices for energy and food items, central bank governor Mugur Isarescu said in an interview.

Romania Posts Highest Annual Inflation In EU For 7th Straight Month

Romania posted the highest inflation in the European Union for the seventh consecutive month in February, while the EU's average rate was stable at 2.8%, statistics office Eurostat said Wednesday.

Romania’s February Inflation At 7.6%, Above Estimates

Romanian consumer prices rose 0.77% in February from a month earlier, while the annual inflation accelerated to an unexpected 7.6%, the country’s statistics institute INS said Thursday.

Romania Ctrl Bk Needs Lower Oil Prices To Meet Inflation Target

Romania’s central bank is not confident the inflation will enter the target interval too soon, but it counts on a decrease in crude oil prices, governor Mugur Isarescu said Wednesday.

Romanian Consumer Prices Seen +0.5% In Feb, Annual Inflation Up To 7.3%

Romanian consumer prices are likely to increase by 0.5% on the month in February, while the annual inflation is seen climbing to 7.3%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

Romania’s January Annual Inflation, Highest In EU

Romania posted the highest inflation in the European Union for the sixth consecutive month in January, while the EU average rate was stable at 2.7%, official data showed Monday.

Romania Jan CPI +0.8% On Month, Annual Inflation Eases To 7%

Romanian consumer prices rose 0.77% on the month in January, while the annual inflation eased to 6.99%, the country’s statistics institute INS said Monday.

Bancpost: Romania Economic Recovery Threatened By High Inflation

Romanian economic recovery could be slowed down by a high inflation in 2011, as rising food and fuel prices on international markets threaten to drive local prices up, Dan Bucsa, chief economist at Romanian bank Bancpot said Friday.

Romania Central Bank Ups 2011 Inflation Forecast To 3.6%

Romania's central bank revised upward its forecast on the annual inflation to 3.6% at the end of 2011, from 3.4% previously, central bank governor Mugur Isarescu said Monday.

ING Says Inflation Could Top 6% End-December

Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday.

Food, Energy Prices Pose Risks On Romania’s 2011 Inflation – IMF

The International Monetary Fund sees significant upside risks to Romania's 2011 inflation outlook coming from potentially higher food and energy prices and a weakening of the leu, according to the fund's report after the sixth review of the stand-by arrangement.

Romania 2010 Inflation Widens To 7.96%, On Sales Tax Rise

Romanian consumer prices rose by an expected 0.53% on the month in December, matching November figures, and the annual inflation accelerated to 7.96%, the country’s statistics institute INS said Wednesday.

Analysts See Romania’s 2010 CPI At 7.9%-8%

Romania’s annual inflation rate reached 7.9%-8% at the end of December, following the sales tax raise in July, economic analysts said, and the central bank missed its target for the fourth consecutive year in 2010.

Romania Nov CPI +0.5 On Month, Annual Inflation Eases To 7.7%

Romanian consumer prices rose 0.52% on the month last month, matching October figures, while the annual inflation eased slightly to 7.7%, the country’s statistics institute INS said Friday.

Romania’s October Annual Inflation, Highest In EU

Romania posted the highest inflation in the European Union for the third consecutive month in October, while the EU average rate accelerated to 2.3%, from 2.2% in September, official data showed Tuesday.

Romanian Ctrl Bank Governor Says Arrears Worse Than Large Deficits

Arrears are one of the reasons why Romania is in recession and has a high inflation rate and the chain of overdue payments is more dangerous than large deficits, central bank governor Mugur Isarescu said Saturday.

Romania October CPI +0.5% On Month, +7.9% On Year

Romanian consumer prices rose 0.55% on the month in October, largely driven by higher food and service prices, while the annual inflation accelerated to a fresh two-year high at 7.88%, the country’s statistics institute INS said Wednesday.

Romania Central Bank Raises 2011 CPI Forecast To 3.4%

Romania's central bank has revised upward its forecast on the 2011 annual inflation to 3.4% from 3.1% previously, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bk Ups Year-End CPI Forecast To 8.2% – Sources

Romania's central bank has revised upward its forecast on year-end inflation to 8.2% in 2010 from a previous 7.8%, people familiar with the matter told MEDIAFAX.

ING: Romania Ctrl Bk Likely To Miss New CPI Targets

Romania's central bank is likely to miss its “ambitious” inflation targeting set for the next years, because its monetary policy decisions will lack the required sternness, ING Bank Romania said in a report Wednesday.

Romania’s September Annual Inflation, Highest In EU

Romania posted the highest inflation in the European Union for the second consecutive month in September, while the EU average rate accelerated to 2.2%, from 2% in August, official data showed Friday.

Romania’s August Annual Inflation, Highest In EU

Romania posted the highest inflation in the European Union in August, while the EU average rate eased to 2%, from 2.1% in July, official data showed Wednesday.

Romania’s July Annual Inflation, Highest In EU

Romania posted the highest inflation in the European Union in July, after a five-percentage-point increase in the value added tax level drove the annual rate to 7.1% from 4.3% a month earlier, official data showed Monday.

VAT Increase Pushes Romania Inflation Up To 7.14% In July

Romanian consumer prices spiked by nearly two and a half percentage points to 2.58% in July from a month earlier, while the annual inflation accelerated to 7.14%, the country’s statistics institute INS said Wednesday.