Romania’s Prognosis Committee estimate an inflation rate of 4.3% in 2009

The National Prognosis Committee estimates that Romania’s inflation rate will be around 4.3% at the end of 2009, below the central bank's 4.5% upper limit target. Next year, the indicator is seen falling to 3.5%.

 

The committee estimates the average annual inflation at 5.5% this year.

 

According to the National Statistics Institute, romanian consumer price index has decreased by 0.19% in August compared to July, while the annual inflation rate fell for the sixth month in a row, from 5.06% to 4.96%.

 

Romania's central bank set up a 3.5% inflation target for 2009, with one percentage point variation band.