Romanian Annual Inflation Seen Rising To 8.2% In April

Romanian consumer prices are likely to increase by 0.5% on the month in April, while the annual inflation is seen accelerating to 8.2%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

37 views

Romania's CPI rose 0.6% on the month in March, while the annual rate came in at 8.01%, the highest level since August 2008.

Analysts estimate a monthly inflation between 0.3% and 0.7% in April, while the annual rate forecasts range between 8% and 8.4%.

The year-end inflation is expected at 5% -5.9%, above the central bank's target band of 3% plus/minus one percentage point around the target.

The central bank Thursday revised upward its forecast on the annual inflation to 5.1% at the end of 2011, from 3.6% previously.

The statistics institute INS is due to release inflation data for April on Tuesday.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.