ING Says Inflation Could Top 6% End-December - financiare.ro
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News » February, 2011 » 4 February 2011

ING Says Inflation Could Top 6% End-December
04.02.2011, 14:30 | Finance-Banks | 507 views



Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday.

Despite a basis scenario pointing to a year-end inflation of 4.5% in 2011, slightly above the central bank's upper band of 4%, ING analysts consider the annual inflation could come in at 6% to 8% in December.

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