Romania’s inflation rate goes down to -2.7 in February

baniRomania’s inflation rate went down to -2.7 percent in February 2016 after ending 2015 at -0.9 percent, according to the National Institute for Statistics.

The monthly average inflation rate for the first two months of 2016 was -0.5, compared to 0.4 for the same period in 2015. Furthermore, according to the consumer price index (CPI) prices went down in February 2016 by 0.24 percent compared to January 2016, according to Business-Review.eu.

The weight of goods and services for which a price fall was observed was 59.3 percent year-on-year, further adds INS. In terms of prices that went up, the weight of the goods and services whose prices increased by 0-2.5 percent was 24.1 percent, while the weight of those goods and services for which prices increased by more than 2.5 percent was 16.6 percent. (photo: rfi.ro)

 

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