Romanian Inflation Remains High

BusinessEconomy ♦ Published: February 2, 2013; 10:34 ♦ (Vindobona)

Adverse statistical base effect would be preserved in H1 2013, keeping headline annual inflation between 5.4-5.8% yoy, Raiffeisen Research reports.

Romanian Inflation Remains High / Picture: ©

“Monthly inflation rate for December 2012 came in at 0.6% mom, above our expectations and market consensus of 0.3% mom. The negative surprise was mainly the result of a jump in tariffs for electricity by 7.25% as to account for the inclusion of more green certificates in the final consumer price. Jump in tariffs for electricity had a contribution 0.38 percentage points…