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Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
Romania: Positive Inflation Development / Picture: © Vindobona.org
Inflation dynamics in Romania surprised on the positive side in July, for the second time in a row. Annual inflation rate decelerated to 4.4% yoy from 5.4% yoy in June, coming in below our forecast and market consensus (4.8% yoy).
Drop in volatile prices of fruits and vegetables (-8.7% mom) which supported the fall in food prices (-1.6% mom) was key factor behind contraction in…
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