Romanian inflation rate drops to 1.8 percent in April, a new historic low

Newsroom 11/05/2012 | 09:30

The annual inflation rate fell to 1.8 percent in April reaching a new historic low from 2.4 percent in March, according to data released on Friday by the statistics institute INS. The central bank targets a 3 percent inflation rate in 2012.

The consumption price index (IPC) rose by 0.7 percent month-to-month in April, as food prices feel by 0.11 percent, while non-food products and services added 0.11 percent and 0.17 percent.

Prices increased by 4 percent in the last 12 months (May 2011 – April 2012) against the previous year based on the IPC.

Euro zone inflation stands at 2.6 percent in April, according to a flash estimate from EU statistics office Eurostat.

Members of the Association of Financial-Banking Analysts in Romania (AAFB) estimate in an internal survey that the annual inflation rate would fall to 2.2 percent in April, and reach 3.5 percent in December 2012.