Romania’s annual inflation falls to 2.3 percent in May

Romania’s annual inflation rate fell to 2.3 percent in May 2020, from 2.7 percent in April, given that food prices rose by 5.25 percent , services by 2.6 percent, and non-food goods by 0.15 percent, according to data released on Friday by the National Institute of Statistics (INS).

Consumer prices in May 2020 compared with April rose by 0.05 percent, and compared with December 2019 they advanced 1.47 percent.

The average rate of consumer prices in the last 12 months (June 2019 – May 2020) compared with the previous 12 months (June 2018 – May 2019) against the Consumer Price Index (CPI) is 3.4 percent.
Finance Minister Florin Citu has recently estimated that inflation will fall below 2 percent this year, as currently the trend is downward.

The National Bank of Romania has reduced its inflation forecast for the end of 2020 to 2.8 percent, from 3 percent previously.

Via Agerpres