Romania's annual inflation rate has risen to 4.74 per cent, above the central bank’s target, the National Statistics Institute said today (Tues).
The central bank targeted an annual inflation of 3.5 per cent at the end of December, with a one percentage point variation band around the target. Last year was the third in a row in which the central bank missed the inflation target.
However, the 2009 inflation rate was slightly below analysts’ estimates of 4.8 to 4.9 per cent.
The consumer price index rose by 32 basis points in the month in December, driven mainly by higher food and tobacco prices.
In 2010, the central bank is targeting an annual inflation rate of 3.5 per cent at the end of December, with a one percentage variation band around the target, the same target as that set for 2009.
Romanian Times
