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Romanian Ctrl Bk Head: Inflation To Hover Around Peak By July

Romania’s inflation will hover over the next three months around the 8.63% peak touched in March, before slowing down in August, Romanian central bank governor Mugur Isarescu said Thursday during a financial seminar.
Romanian Ctrl Bk Head: Inflation To Hover Around Peak By July
17 apr. 2008, 12:05, English

The country’s inflation exceeded official estimates and accelerated 0.67% on the month in March, taking the annual rate to 8.63%, its highest level since January 2006, as a result of higher telecom and fuel prices.

Last week, Isarescu said he expected the country’s 2008 inflation rate to peak at 8.5% in March and then slow down to 5%-6% by the yearend.