Compared with the trailing month, consumer prices increased 0.16% in June, as food prices fell 0.06% and services rose 0.57%, while non-food inched up 0.16%.
In May, the annual inflation rate widened to 4.42% while on a month-on-month basis, inflation rate came in at 0.15%.
The biggest price growth for food items was observed in potatoes (9.36%), citrus fruits (7.10%), as well as other fruits. As for non-food the biggest hikes were seen in tobacco and cigarettes (14.56%), books, magazines and newspapers (8.15%), fuel (7.23%) and drugs (6.16%).
The sharpest declines were observed in eggs (-25.23%), cheese (-1.43%), and beans (-1.28%). In the non-food sector, no significant decline has been observed except for room rates in the hospitality industry (-0.27%).
The average year-on-year growth in consumer prices in July 2009 – June 2010 – an important indicator in the nominal criteria for the accession to the euro area – dropped in June to 4.6%, from 4.8% in May, but the inflation rate based on the harmonized index of consumer prices fell to 4.6% from 4.7%.
The National Bank of Romania said it targets an inflation rate of 3.5% with +/-1% tolerance band for this year, but the latest statements of central bank officials point to an 8% inflation rate at year-end. In 2008, the National Bank of Romania missed its inflation target for the third time in a row.
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 June inflation rate increased to 0.16%.