Romania's inflation accelerated for the second consecutive month and at a faster-than-expected pace in July, data from the statistical agency INSSE revealed Friday.
The consumer price index (CPI) rose 3 percent year-on-year, following a 2.04 percent gain in June. Economists had forecast a figure of 2.7 percent. Inflation fell to a record low 1.79 percent in May.
The National Bank of Romania has an inflation target of 3 percent for 2012 and 2.5 percent next year. The central bank expects inflation to come in around 3.8 percent in the third quarter.
While deciding to leave the benchmark interest rate unchanged on August 2 the central bank noted that heightened asymmetric risks to the inflation outlook have emerged amid an adverse external environment and domestic political tensions.
Month-on-month, consumer prices moved up 0.59 percent in July.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.