Romanian CPI Seen Rising 0.45%-0.5% On Mo In May - FinMin

Romania’s consumer price index is expected to rise 0.45%-0.5% on the month in May compared with a 0.52% monthly rise in April, Romania’s Finance Minister Varujan Vosganian said Monday.

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“Inflation has started slowing and we see it rising 0.45%-0.5% on the month in May,” Vosganian said during a press conference.

Romania’s consumer prices rose in April, but at a slower pace of 0.52% on the month, on lower telecommunications prices, while consumer prices rose 8.62% on the year, almost the highest level since January 2006.

Romania’s central bank has set an inflation target of 2.8%-4.8% for 2008, but expects it to exceed the target range, reaching 6% by year-end due to persistent inflationary shocks from last year.

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