Romanian Inflation Seen Rising To 7.8% In March

04.08.2011 By Florentina Dragu

Romanian consumer prices are likely to increase by 0.5% on the month in March, while the annual inflation is seen accelerating to 7.8%, according to a median forecast of the country’s association of financial and banking analysts AAFBR.

Romanian consumer prices are likely to increase by 0.5% on the month in March, while the annual inflation is seen accelerating to 7.8%, according to a median forecast of the country's association of financial and banking analysts AAFBR.

Romania's CPI rose 0.77% on the month in February, while the annual rate came in at 7.6%, above market estimations.

Analysts estimate a monthly inflation between 0.3% and 0.6% in March, while the annual rate forecasts range between 7.7% and 8%.

The year-end inflation is expected at 4.4% -5.7%, above central bank's target band of 3% plus/minus one percentage point around the target.

The central bank recently revised upward its forecast on the annual inflation to 3.6% at the end of 2011 and is expected to announce a second revision in the coming period, due to global surging prices for energy and food items.

The statistics institute INS is due to release inflation data for March on Monday.

Keywords:
CPI
, ANALYSTS
, FORECAST

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