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Romania’s Oct CPI +0.97% In Oct, +6.84% YY

Romania's consumer price index rose by 0.97% on the month in October, boosting the annual index to 6.84%, the National Institute for Statistics, or INS, said Monday.
Romania's Oct CPI +0.97% In Oct, +6.84% YY
12 nov. 2007, 10:23, English

But the rise was slightly lower compared with September when inflation was up 1.08% on the month.

The 1.3% rise in food prices was the main element fueling inflation in October. On the year, food prices picked up 9.52%, following a severe drought which has extensively damaged the Romanian crops.

The INS said that non-food prices were up 0.69% on the month in October, while prices for services grew by 0.98% on the month.

The Romanian central bank has set an inflation target of 3% to 5% inflation in 2007 with a midpoint of 4%. It expects inflation at 5.7% at the end of the year.