Romania's Nov CPI + 0.67% MM, Annual Inflation At 4.65%

Non-food prices in November increased by 1.1% on the month, while food and service prices were up 0.4% and 0.1%, respectively.

Cigarettes and tobacco prices rose 5.48% on the month in November, the highest increase in the non-food sector, while fuel prices increased by 1.66%.

In the food sector, eggs and fresh and canned vegetables recorded the biggest price increases, of 7.46% and 1.87% on the month, respectively.

The harmonized index of consumer prices, or HICP, stood at 5.7% at the end of November, from 5.9% the month before.

In October, Romanian CPI rose 0.44% on the month, on higher non-food and service prices, but the annual inflation narrowed to 4.3%.

Romanian central bank targets an annual inflation of 3.5% at the end of December, with one percentage variation band around the target. A similar objective was set for 2010.

The bank has recently revised its forecast on the 2009 inflation rate to 4.5% from 4.3% previously envisaged.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.