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    BUCHAREST, (5 feb 2010)

    Romania's 2010 Inflation To Peak In January - Ctrl Bker

    Romania will post the highest inflation rate this year in January, when it is possible it will be slightly above the December 2009 level, central bank deputy governor Cristian Popa said Friday.

    Romania's 2010 Inflation To Peak In January - Ctrl Bker

    Romania's central bank raised its forecast on 2010 inflation to 3.5%, from the previous 2.6% and expects inflation to fall to 2.7% in 2011.

    However, the central bank kept unchanged its inflation targets at 3.5% and 3%, plus or minus one percentage point, for 2010 and 2011, respectively.

    Annual inflation was 4.74% in December 2009, 0.24 percentage point above the upper limit of the bank's target range.

    In 2009, the inflation peaked in February, when the annual rate was at 6.89%. Afterwards, the annual inflation narrowed for eight consecutive months, touching the lowest level in October, at 4.3%.



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