Romanian inflation rate down to historic low of 2.4 percent in March

12 April 2012

The annual inflation registered a new historic minimum . The rate fell to 2.4 percent in March from 2.59 percent in February according to National Statistics Institute (INS) datas.
The monthly average inflation rate was 0.5 percent in the first three months in 2012 against 0.7 percent in the first three months in 2011.
Melania Hancila, head of research & strategy department at Volksbank says the annual inflation rate will rise starting July, reaching 3.5 percent at the end of 2012.
In March, food prices went up by 0.64 percent, non-food prices rose by 0.32 percent and service tariffs grew by 0.20 percent.
Economists says the inflation was caused by increased fuel prices, higher excises and administered prices.

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