Annual inflation rate fell to 5.06% in July in line with forecasts, while consumer prices fell 0.07% compared to June, on food price drop and steady evolution of non-food and service prices, according to data provided by the National Institute of Statistics.
In June, the annual inflation rate was 5.86%.
Consumer prices fell in July by 0.07% as prices for food dropped 0.5%, for non-food increased by 0.14% and services tariffs climbed 0.32% in average, data from NIS show.
In the Romanian consumers’ shopping cart, foodstuff accounts for 37.58%, non-food product 44.05% and services 18.37%.
Separately, tobacco and cigarettes prices surged 2.86%, water and sanitation 1.41%.
Generally, food prices increased slightly or dropped, according to NIS. Honey, potatoes and beer are the only food products whose prices advanced more, by 0.60%, 0.49% and 0.22% respectively. Prices of vegetables and canned vegetables dropped the most, by 3.38%, followed by oil – 2.74%.
As for non-food products, fuel prices went up 0.72% in July, while natural gas dropped 5.08% and medicines by 0.02%.
In terms of services, rents increased in average by 0.04% in July, and 2.73% year-to-date. Urban transportation was 0.34% more expensive in July, while the radio and TV subscriptions increased by 0.24% and air transportation and phone subscription by 0.12% each.
National Bank of Romania hopes to contain this year’s inflation rate in the range of 3.5% plus/minus 1 tolerance band. In its latest inflation projection, the central bank’s target for the full year was at 4.3%, slightly revised downward from prior target. International Monetary Fund has set its inflation target for Romania at 4.3% for end-2009.
Citeste si:
Calculator Salariu: Află câți bani primești în mână în funcție de salariul brut »
Te-ar putea interesa și:
![HR [PLAY] Tech Workout - 11...](https://www.wall-street.ro/image_thumbs/thumbs/973/973fe0a3888d417feff63de42e814180-260x260-00-65.jpg?v=1714109696)
