EC Keeps Predictions On Romania’s Inflation At 5.7% In ’09 And 4% In ’10

EC’s winter prognosis sees Romania’s 2008 harmonized consumer price index at 7.9%, 10 basis points higher than 7.8% previously forecasted.

In 2008, Romania’s annual consumer price index, or CPI, slowed to 6.3%, from 6.7% in November, the National Statistics Institute, or INS

EC forecasts a severe drop of private consumption growth to 1.9% in 2009, from 8% in 2008.

The National Prognosis Commission has revised up, in its final fall prognosis report, its headline inflation forecast for 2008 to 6%, from 5.8% in its preliminary data, but maintained its headline inflation forecast for next year unchanged at 4.5%.