Romania’s headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling deeper beneath the 2.5% center of the interval targeted by Romania’s National Bank (BNR), according to Romania-Insider.com.
The overall consumer price index increased by 0.22% in October compared to September.
The inflation rate was dragged down during the past three months (August to October) by food prices, which increased by 0.11% in October (versus the 0.70% m/m increase in October 2019).
The annual growth in food prices decelerated to 4.3%% year-on-year in October, from nearly 5.6% in July and 5.7% in April.
Fuel (energy) prices remain the main downward driver of inflation as they contracted by 8.4% since the beginning of the year.
The harmonized consumer price inflation calculated based on the EU-defined basket eased to 1.8% yoy in October, from 2.1% yoy in September.
The BNR lowered its inflation forecast for December 2020 to 2.7% under its August Quarterly Inflation Report, from 2.8% envisaged in the spring forecast.
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