Consumer prices go up by 0.5 percent this November, annual inflation slightly decreases at 7.7 percent

Newsroom 10/12/2010 | 16:05

Romanian consumer prices went up by 0.52 percent in November compared to the previous month, reveals data released by the National Institute for Statistics (INS) on Friday. According to the same source, the annual inflation slightly decreased to 7.7 percent after hitting a two years high in October (7.9 percent).

The central bank recently revised its forecast for the 2010 inflation to 8.2 percent from an initial 7.8 percent, due to a higher-than-expected negative contribution of the 5 percent kike in VAT this July.

According to the International Monetary Fund, the annual rate could peak slightly above 8 percent in December this year.

Simona Bazavan

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