Romanian Jul CPI Seen At Over 9%, 9.1%-Ctrl Bker

"We will have a loop in July of over 9% or 9.1% and then the inflation rate will recover," Isarescu said in a press conference.

Romania’s consumer price index was 8.61% on the month in June. Prices for food products and fuel rose 0.28% on the month in June.

The central bank has set an inflation target of 3.8%, with a plus or minus average of one percentage point.