inflation

VAT Increase Pushes Romania Inflation Up To 7.14% In July

10:10, 11 Aug. 2010
Romanian consumer prices spiked by nearly two and a half percentage points to 2.58% in July from a month earlier, while the annual inflation accelerated to 7.14%, the country’s statistics institute INS said Wednesday.

Analysts See Big Surge In Romania’s July Inflation After VAT Hike

18:40, 09 Aug. 2010
Romanian annual inflation is expected to accelerate considerably in July, pushed by a five-percentage-point increase in the value added tax level, analysts said Monday.

Romania Ctrl Bk Raises 2011 Inflation Forecast To 3.1%

11:53, 06 Aug. 2010
Romania's central bank revised upward its inflation forecast for 2011 to 3.1% from the previous 2.8%, central bank governor Mugur Isarescu said Friday.

Romania’s June Annual Inflation, 3rd Highest In EU

12:42, 14 Iul. 2010
Romania posted the third highest annual inflation rate in the European Union in June, after Greece and Hungary, official data showed Wednesday.

Romania June CPI + 0.16% On Mo, +4.38% On Yr

10:25, 12 Iul. 2010
Romanian consumer prices inched up 0.16% in June from May, held back by cheaper food, while the annual inflation eased to 4.38%, the country’s statistics institute INS said Monday.

Romania’s Annual Inflation Decreased To 4.3%-4.4% In June, To Hit 7% In July – Analysts

19:14, 11 Iul. 2010
Romania’s annual inflation decreased to 4.3 – 4.4% in June, from 4.42% in May, and is expected to hit about 7% in July, economic analysts said.

Romania Ctrl Bk: VAT-Induced Inflation Has Corrective Role

16:28, 08 Iul. 2010
The inflation derived from the recent increase in Romania’s value added tax level is not monetary and has a corrective role, central bank governor Mugur Isarescu said Thursday.

Romania 2010 CPI Forecast Leaves Out Psychological Impact – Ctrl Bker

14:44, 08 Iul. 2010
Romania’s latest forecast on the 2010 inflation, which sees the rate accelerating to 8% by year-end in response to a five percentage points increase in the sales tax, failed to factor in the psychological impact on the population, a central bank official said Thursday.

Romania 2010 Inflation Unlikely To Exceed 6% After Tax Hike – BRD

13:42, 06 Iul. 2010
Romania’s decision to increase the value added tax level is unlikely to drive up inflation above 6% this year, an official at the country’s second biggest lender BRD-Group Societe Generale (BRD.RO) said Tuesday.

Romania Central Bank Says Inflation May Rise To 8% In 2010

13:49, 05 Iul. 2010
Romanian inflation may accelerate to around 8% this year, driven by a recent increase in the value added tax level, central bank governor Mugur Isarescu said Monday.

Romania Ctrl Bank Sees Inflation Up By 4 Pps After Sales Tax Hike

13:10, 05 Iul. 2010
Romanian central bank estimates the recent increase in the value added tax rate will drive inflation up by three to four percentage points over the next period, deputy governor Cristian Popa said Monday.

IMF Ups Romania’s 2010 Inflation Target To 7.9% After VAT Hike

14:09, 04 Iul. 2010
The board of the International Monetary Fund approved Friday to increase Romania’s 2010 standby agreement inflation target from 3.5% to 7.9%, following the VAT hike to 24%, evaluation mission head Jeffrey Franks told MEDIAFAX.

VAT Hike, Floods Seen Pushing Romanian YE Inflation At 8%

14:06, 02 Iul. 2010
The higher sales tax and a spike in food prices because of heavy floods could push Romania’s annual inflation to over 8% at year-end, Raiffeisen Bank said in a report Friday.

ING: Serious Flooding In Romania Likely To Impact Inflation, GDP

12:28, 30 Iun. 2010
The serious flooding in Romania, which killed 20 people so far and is expected to halve the wheat output, is likely to put inflationary pressure on the country’s economy and negatively affect the gross domestic product, ING said in a report Wednesday.

VAT Hike To Be Directly Felt By Population – Romanian Central Bank

16:51, 26 Iun. 2010
Increasing VAT in Romania will affect the rate of inflation, which could reach 10% in the next few months, as suppliers and distributors will transfer most of the tax directly to the end-price, said Lucian Croitoru, advisor to the governor of the National Bank of Romania.

ING Revises Down Romania’s 2010 Inflation Forecast To 4.1%

11:28, 11 Iun. 2010
ING revised downwards its forecast on Romania's annual inflation to 4.1% in December 2010 from a previous forecast of 4.9%, due to the country's announced public spending cuts.

Romania May Inflation Seen Slightly Up To 4.4%

12:53, 09 Iun. 2010
Romanian consumer prices rose slightly in May, triggering a minor rise in the annual inflation rate to 4.4%, from 4.3% in April, analysts said Wednesday.

Romania Maintained Current VAT Level To Avoid Inflation Rate Increase – Ctrl Bker

14:42, 30 Mai 2010
Romanian Adrian Vasilescu, an adviser to the central bank governor, said Sunday that a value added tax increase from 19% to 24% would have lead to a two-figure inflation rate, making it impossible for Romania to access foreign market loans, although the country depends on foreign capital.

Romania’s April Annual Inflation, 3rd Highest In EU

12:37, 18 Mai 2010
Romania posted the third highest annual inflation rate in the European Union in April, after Hungary and Greece, official data showed Tuesday.

Romania’s April CPI + 0.35% On Mo, +4.28% On Yr

10:01, 11 Mai 2010
Romanian consumer prices rose 0.35% on the month in April driven by a pick up in non-food and service prices, while the annual inflation accelerated slightly to 4.28%, the country’s statistics institute INS said Tuesday.

Romania Ctrl Bank Ups 2010 Inflation Forecast To 3.7%

11:39, 06 Mai 2010
Romania's central bank revised upward its forecast on the annual inflation to 3.7% at the end of 2010, from 3.5% previously estimated, according to data presented Thursday by governor Mugur Isarescu.

EC Revises Up Romania 2010 Inflation Forecast To 4.3%

12:54, 05 Mai 2010
The European Commission revised its inflation forecast on Romania to 4.3% this year from 3.5% previously, as it expects higher excise duties on tobacco and oil to increase inflationary pressures, according to its spring forecast report released Wednesday.

IMF Raises Forecast On Romania’s ’10 Inflation To 4%

16:34, 21 Apr. 2010
The International Monetary Fund raised its forecast on Romania's annual inflation in 2010 by 0.4 percentage points to 4%, the institution's World Economic Outlook report showed Wednesday.

Romania’s Mar CPI + 0.2% On Mo, +4.2% On Yr

10:01, 12 Apr. 2010
Romanian consumer prices rose in March at the same pace as the month before, restrained by cheaper costs for energy, tobacco and services, while the annual inflation narrowed to 4.2%, the National Statistics Institute said Monday.

Romania Annual Inflation Seen Easing To 4.1% In March

13:46, 09 Apr. 2010
Romanian annual inflation is expected to narrow to 4.1%-4.3% in March from 4.5% a month earlier, due to a firmer leu against the euro, but rising drug prices could reverse the trend in April, analysts said Friday.

Romania Ctrl Bk Likely To Cut Rate Again Monday – Poll

13:35, 26 Mart. 2010
Romania's central bank is likely to cut its key monetary policy rate by another 50 basis points on March 29, economists said Friday, citing concern about low consumption and the leu’s rapid strengthening against the euro.

Romania February Inflation 2nd Highest In EU

14:48, 16 Mart. 2010
Romanian annual inflation came in at 4.5% in February, the second highest rate in the European Union, official data showed Tuesday.

Romania’s Feb CPI + 0.2% On Mo, +4.5% On Yr

10:00, 10 Mart. 2010
Romanian consumer prices rose by 0.2% on the month in February, below forecasts, while the annual inflation narrowed to 4.49%, the National Statistics Institute said Wednesday.

Romania Annual Inflation Seen Slowing To 4.6% In February

13:46, 09 Mart. 2010
Romanian annual inflation is expected to narrow to 4.6% in February from 5.2% a month earlier, according to estimations of the country’s association of financial and banking analysts AAFBR.

Romanian Subway Co Metrorex Might Up Ticket Prices 5-7% This Year

13:32, 03 Mart. 2010
Romania’s state-owned subway company Metrorex could increase subway pass prices by 5-7% this year if inflation tops 5% for the interval May 2009- May 2010, company general manager Gheorghe Udriste said Wednesday.

Euro Area Inflation Seen Falling To 0.9% In February

12:32, 02 Mart. 2010
Euro area annual inflation is expected to fall slightly to 0.9% in February 2010 according to a flash estimate issued Tuesday by Eurostat, the statistical office of the European Union.

Romania January Monthly Inflation Highest In EU

12:54, 26 Feb. 2010
Consumer prices in Romania rose 1.7% in January compared with the month earlier, the highest monthly rate in the European Union, official data showed Friday.

Romania’s Jan CPI +1.68% On Month, +5.2% On Year

10:07, 12 Feb. 2010
Romania's consumer price index spiked by an unexpected 1.68% on the month in January, driven by higher tobacco and fuel prices, while the annual inflation widened to 5.2%, the National Statistics Institute said Friday.

Romania’s 2010 Inflation To Peak In January – Ctrl Bker

13:36, 05 Feb. 2010
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 Ctrl Bk Ups ’10 Inflation Forecast At 3.5%

12:05, 05 Feb. 2010
Romania's central bank raised its forecast on 2010 inflation to 3.5%, from the previous 2.6%, central bank governor Mugur Isarescu told a news conference Friday.

Romania Ctrl Bker: Sustainable Disinflation, More Important Than Inflation Target

13:55, 26 Ian. 2010
Having a sustainable disinflation is more important than being able to meet a short-term inflation target, Romanian central bank governor Mugur Isarescu said Tuesday.

Romania’s Dec CPI + 0.32% On Mo, +4.74% On Yr

10:29, 12 Ian. 2010
Romania's consumer price index rose by 32 basis points on the month in December, driven mainly by higher food and tobacco prices, while the annual inflation widened to 4.74%, above the central bank’s target, the National Statistics Institute said Tuesday.

Romania ’09 Inflation To Exceed Again Ctrl Bk’s Target – Analysts

17:58, 28 Dec. 2009
Romania’s inflation will exceed again the upper limit of the central bank’s target interval for 2009, of 2.5%-4.5%, but the disinflation process will continue next year, according to financial analysts polled by MEDIAFAX.

Romania’s Nov CPI + 0.67% MM, Annual Inflation At 4.65%

10:36, 11 Dec. 2009
Romania's consumer price index rose by 67 basis points on the month in November, driven mainly by higher tobacco and fuel prices, while the annual inflation widened to 4.65%, ending an eight-month deceleration period, the National Statistics Institute said Friday.

Romania’s Oct CPI + 0.44% On Mo, +4.3% On Yr

10:50, 11 Nov. 2009
Romania's consumer price index rose by 44 basis points on the month in October, driven mainly by higher service and non-food prices, but the annual inflation slowed for the eighth consecutive month to 4.3%, the National Statistics Institute said Wednesday.