Romania’s Ctrl Bk Sees Yr-End CPI At 5.7%

The bank also raised the next year projection for inflation to 4.3% against its previous forecast of 3.7%. The central bank has set an inflation target of 3-5% for 2007 and 2.8-4.8% for 2008.

Besides pressures from agricultural prices, Isarescu said the negative base effect due to the abundant agricultural output last year and the correction of the currency leu due to international turbulences, have also contributed to the rise of the inflation index.

Romanian monthly inflation rose at its fastest pace this year in September to 1.08%, boosting the annual index to 6.03%, from 4.96% in August.

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