In September, consumer prices climbed 0.39% from a month earlier. Although food prices dropped 0.16%, non-food prices and services weighed down consumer price index, going up 0.79% and 0.51% respectively.

Subtracting the increase in alcoholic beverage prices and tobacco from the monthly inflation rate, its level falls to 0.05% from 0.39%.

The governor of National Bank of Romania said recently that September inflation rate stood significantly below 5%.

“According to preliminary inflation data for September, consumer price index stood below last year level. Therefore, September inflation rate will stand significantly below 5%. We expect a similar performance in October, and even a steeper decline that could bring us closer to year-end target”, said Isarescu.

NBR’s inflation target range for 2009 is 3.5% with +/- 1 tolerance band. The latest projection report indicates an inflation rate of 4.3% for December this year.