Inflation rise takes central bank and analysts by surprise -
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News » March, 2011 » 10 March 2011

Inflation rise takes central bank and analysts by surprise
10.03.2011, 23:55 | Finance-Banks | 583 views

It's farewell to declines in the NBR interest rate until the end of the year; the Romanian currency will continue to strengthen against the euro because the central bank will try to temper prices of import goods. These are the main effects anticipated by analysts after the negative surprise of February inflation, when the annual rate abruptly leapt from 6.9% to 7.6%.

Although visible both on the cash receipts issued in supermarkets and on marketplace stands, the 1.8% month-on-month price increase calculated by the Statistics Institute came as a big surprise both for analysts and the NBR. The price of potatoes went up by more than 10% in February, flour became 2% more expensive, the price of vegetable oil rose 2.7%, that of bread went up 2.3%, while the price of milk rose 2.4%.


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