inflation

Romanian Ctrl Bk Revises ’08, ‘09 Inflation Forecasts

12:48, 04 Aug. 2008
Romanian central bank revised its inflation forecast from 6% to 6.6% in 2008, and from 3.5% to 4.2% in 2009.

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

11:32, 04 Aug. 2008
Romania’s consumer price index will most likely be over 9% or 9.1% on the month in July, to subsequently recover, central bank governor Mugur Isarescu said Monday.

Citibank: Romania’s Yr-End Inflation At 6.8%, Above Ctrl Bk Target

13:35, 01 Aug. 2008
Citibank sees Romania’s inflation at 6.8% at the end of December, two percentage points higher compared with the central bank’s target of 2.8%-4.8%, on continued pressures from local demand.

Romanian Fin Min Says ’08 Headline Inflation At 6-7%

14:19, 28 Iul. 2008
Romania’s headline inflation will be between 6% and 7% this year, exceeding the central bank’s target of 2.8-4.8%, Economy and Finance Minister Varujan Vosganian said Monday.

Romanian June Annual CPI 8.7%, Fifth Highest In EU – Eurostat

13:30, 16 Iul. 2008
Romania ranks fifth among EU member states with respect for the annual inflation rate in June, which is 8.7%, double the 4.3% average calculated on a community bloc level, according to a report issued by the Statistical Office of the European Communities, Eurostat.

Romanian Annual Inflation Nears Two-Year High On 0.28% Monthly Rise

10:03, 10 Iul. 2008
Romania’s inflation slowed down to 0.28% on the month in June, due to a moderate increase in food and non-food prices, but annual inflation was just below a two-year high, the National Statistics Institute said Thursday.

Romania Still Vulnerable To International Financial Mkt Turmoil – IMF

15:14, 28 Iun. 2008
World financial market tensions contributed to a sharp nominal depreciation of the Romanian leu, and Romania remains vulnerable to additional adverse spillovers from events in global markets, the International Monetary Fund, or IMF, said Saturday.

Romania Needs To Strengthen Efforts To Reduce Inflation – Isarescu

13:00, 24 Iun. 2008
Romania needs to strengthen its efforts to bring down inflation as this is already at a high level and there is little time left until the accession to the eurozone, central bank governor Mugur Isaresc said Tuesday.

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

18:42, 12 Mai 2008
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.

UPDATE: Romanian Apr CPI +0.52% On Mo, +8.62% On Yr

10:22, 12 Mai 2008
Romania’s consumer price index rose at a slower pace of 0.52% on the month in April, on lower telecom prices, taking to annual rate to 8.62%, almost the highest level since January 2006, the National Statistics Institute said Monday.

Romania Ctrl Bk Ups 08 CPI Forecast To 6% Vs 5.9%

11:40, 08 Mai 2008
Romanian central bank governor Mugur Isarescu said Thursday the bank expects the country’s consumer price index to rise 6% this year, slightly up from its previous forecast of 5.9%.

Romanian Ctrl Bk Should Further Tighten Monetary Policy-IMF

12:06, 22 Apr. 2008
Romania should see more monetary policy tightening measures to hold back country’s peaking inflation, the International Monetary Fund said Tuesday.

Romanian Ctrl Bk Head: Inflation To Hover Around Peak By July

12:05, 17 Apr. 2008
Romania’s inflation will hover over the next three months around the 8.63% peak touched in March, before slowing down in August, Romanian central bank governor Mugur Isarescu said Thursday during a financial seminar.

IMF Sees Romania’s Inflation Slowing To 6.3% In ’08

17:52, 09 Apr. 2008
Romania’s 2008 consumer price index is seen rising by 6.3% at the end of the year, a slowdown compared with 6.57% in December 2007, the International Monetary Fund, or IMF, said in a report.

Romanian Ctrl Bk Gov Reiterates ’08 CPI Forecast At 5%-6%

11:22, 09 Apr. 2008
Romania’s central bank governor Mugur Isarescu reiterated Wednesday that he expects the country’s resurgent inflation to fall between 5%-6% by yearend, above the central bank’s target range for this year.

Consensus Economics Sees Higher Inflation On Lower C/A In Romania

15:10, 18 Mart. 2008
Consensus Economics, which groups economic forecasts of banks and international institutions revised higher Romania’s 2008 inflation forecast and sees better data for the economic growth and the current account deficit.

Romanian Feb CPI +0.7% On Mo, +7.97% On Yr

10:41, 11 Mart. 2008
Romania’s consumer price index rose 0.7% on the month in February, on higher utility prices, taking the annual rate to 7.97%, its highest level since March 2006, the National Statistical Institute, or INS, said Tuesday.

Romanian Forecast Commission Issues Early Spring ’08 Econ Outlook

14:49, 08 Mart. 2008
The Romanian National Forecast Commission issued the 2008 preliminary spring forecast, touching the main macroeconomic indicators, the variation in industrial output, the trade balance, employment, wages, inflation and the exchange rates.

Romania Jan CPI +0.86% On Mo, +7.26% On Yr

11:50, 12 Feb. 2008
Romania’s consumer price index rose 0.86% on the month in January, on higher prices for food and services, taking the annual rate to 7.26%, its highest level since May 2006, the National Statistical Institute, or INS, said Tuesday.

Romania Ctrl Bk Pledges To Keep Inflation Under Control – Governor

10:37, 31 Ian. 2008
Romania’s central bank governor Mugur Isarescu said late Wednesday that the National Bank of Romania would take the necessary measures to keep inflation within this year’s target band of 2.8-4.8%.

Romanian Govt To Approve Single-Digit Salary Hike In 2008-PM

15:45, 23 Ian. 2008
The Romanian executive on Wednesday agreed upon a single-digit hike in average wages in 2008, with education and healthcare fields to receive the highest increases, Premier Calin Popescu Tariceanu said.

Romania’s Ctrl Bk Maintains Inflation Target – Ctrl Bkr

18:39, 15 Ian. 2008
The Romanian central bank will take any measure, including a new hike in the main rate, to strengthen the monetary policy and reach the inflation target, depending also on the market’s response to the last two hikes in the main rate, central bank Deputy Governor Eugen Dijmarescu stated Tuesday.

Romanian Fin Min Sees ‘08 Yearend CPI At 5.0%-5.5% YY

13:50, 15 Ian. 2008
Romania’s consumer price index will stand at 5.0% - 5.5% in 2008, exceeding the target of 2.8%-4.8% set by the Romanian central bank, the Romanian Finance Minister Varujan Vosganian said at a Euromoney conference in Vienna.

UN Forecasts 5.5% Econ Growth For Romania In ‘08

19:52, 14 Ian. 2008
The United Nations (UN) forecast for 2008 a 5.5% economic growth in Romania, some one percentage point below the level estimated by Romanian authorities, according to a report compiled by the institution.

Romania’s ’07 Year-End CPI Exceeds Ctrl Bk Target, Ends At 6.57%

10:25, 11 Ian. 2008
Romania’s consumer price index exceeded the central bank’s target band of 3-5% in 2007, accelerating to 6.57% at the end of December, due to a significant growth in food prices and services, the National Institute for Statistics said Friday.

Romania Nov CPI +0.93%MM, +6.67%YY

14:13, 11 Dec. 2007
Romania's consumer price index rose 0.93% on the month in November, on higher prices for food and services, and analysts say the central bank may hike the key monetary policy rate in order to touch next year inflation target.

Romania’s Oct CPI +0.97% In Oct, +6.84% YY

10:23, 12 Nov. 2007
Romania's consumer price index rose by 0.97% on the month in October, boosting the annual index to 6.84%, the National Institute for Statistics, or INS, said Monday.

Romania’s Ctrl Bk Sees Yr-End CPI At 5.7%

13:37, 05 Nov. 2007
(ADDS governor comments on external debt)

Romania’s Ctrl Bk Sees Yr-End CPI At 5.7%

12:59, 05 Nov. 2007
Romania’s central bank sees the year-end consumer price index deteriorating to 5.7% at the end of the year, 1.8 percentage points higher against the previous projection, due to the severe drop of the agricultural output, central bank governor Mugur Isarescu said in a press conference Monday.