Buying power to strengthen to last years levels in 2012
The median income of Romanians will increase this year but slower than consumer prices, which would weaken the buying power by 2.2% , according to CNP’s autumn forecasts. Buying power will go up to last year’s record level as late as in 2012.
According to autumns forecasts, Romanians buying power will stagnate next year and will fail to recoup this year’s slump in 2011, when median income is expected to increase by as little as 1.3% in real terms. In 2012, the buying power will likely strengthen by 2.3%, CNP says.
In April this year, the institution had predicted a decline in median income by 1.9% in real terms for 2009. In 2008, the median income surged16.5% YoY in real terms.
According to autumns forecasts, Romanians buying power will stagnate next year and will fail to recoup this year’s slump in 2011, when median income is expected to increase by as little as 1.3% in real terms. In 2012, the buying power will likely strengthen by 2.3%, CNP says.
In April this year, the institution had predicted a decline in median income by 1.9% in real terms for 2009. In 2008, the median income surged16.5% YoY in real terms.