Consumer price index stood at 99.81% in August this year compared to a month earlier.
“Inflation rate fell higher-than-expected in August. Our forecasts had indicated stagnation or 0.1% decline. The inflation rate was largely weighed down by food prices”, Ionut Dumitru, senior economist of Raiffeisen Bank told Wall-Street.
Vegetable prices dropped 5.9% in August, while fruit prices fell 6.81%, according to the statistical report made public by NIS.
“Food prices will push inflation further down, but not at a similar pace. In a normal to good agricultural year, food prices have a major influence in the inflation rate”, said Ionut Dumitru.
Earlier this year, Raiffeisen Bank said the 2009 inflation rate was likely to come in at 4.5%, but didn’t exclude the possibility of a further decline.
The National Bank of Romania has lowered its 2009 inflation forecast from 4.4% to 4.3%, in its quarterly report on inflation released Thursday.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Annual inflation drops below 5%, tops forecasts.