Romania’s inflation rate decreased to 3.1 percent, in December 2011

The annual inflation rate dropped to 3.14 percent in December, from the 3.44 level recorded in the previous month, according to Agerpres newswire that quotes data from the Romanian National Statistics Institute (INS).   

The National Bank of Romania (NBR) projects an annual inflation rate of 3 percent this year which should remain unchanged through to 2013.

The INS data also reveal that the average increase in prices, from January 2011 to December 2011, versus the previous year, is 5.8 percent, based on the price consumption index.

Ovidiu Posirca

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