The inflation rate in Romania climbed from a negative 0.3 percent in July to a positive 0.3 percent in August, similar to the level registered in the European Union, according to Eurostat, the statistics office of the EU.
In August, negative annual rates were observed in twelve member states. The lowest annual rates were registered in Croatia (-1.5 percent), Bulgaria (-1.1 percent) and Slovakia (-0.8 percent). The highest annual rates were recorded in Belgium (2.0 percent), Sweden (1.2 percent) and Estonia (1.1 percent). Compared with the previous month, annual inflation fell in seven member states, remained stable in six and rose in fifteen.
The National Bank of Romania (BNR) estimates a negative inflation rate of 0.4 percent for the country at the end of this year.
The Euro zone inflation stood at 0.2 percent in August, stable compared to the previous month.
Join the discussions about Romania’s economic outlook and strategy for the future at the Foreign Investors Summit 2016 – Where Romania means business – November 1-3, Bucharest.