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Romania May Inflation Seen Slightly Up To 4.4%

Romanian consumer prices rose slightly in May, triggering a minor rise in the annual inflation rate to 4.4%, from 4.3% in April, analysts said Wednesday.
Romania May Inflation Seen Slightly Up To 4.4%
09 iun. 2010, 12:53, English

The consumer price index is seen up 0.1% in May, after a 0.4% growth in April, according to the members of the financial and banking analysts’ association, or AAFBR.

Annual forecasts range between 4.4% and 4.6%, while monthly estimates place the CPI between 0.1% and 0.3%, the association said in a statement.

Analysts estimate the annual inflation will ease to 4% end-year, from 4.7% at the end of 2009.

Romania’s central bank targets an annual rate of 3.5% end-December, plus/minus one percentage point. Last month, the central bank raised its forecast for the year-end inflation to 3.7% from 3.5% seen previously.