Romania’s inflation rate fell to 2.59 percent in February 2012, from 2.72 percent in January 2012, which is the lowest level in over 23 years.
Compared to January, prices were 0.64 percentage up thanks to higher food prices (1.21 percent), non-food products (0.4 percent up) and tax services, which increased 0.13 percent.
The average inflation rate in the first two months of 2012 was 0.5 percent, compared to 0.8 percent recorded in the same period in 2011.
The Association of Financial – Banking Analysts in Romania (AAFBR) has predicted inflation in 2012 to reach 3.7 percent and it foresees the rate falling to 3.5 percent by the end of 2013.
