Raiffeisen Ups Forecast On Romania Year-end Inflation To 5.3%

04.13.2011 ZF English

Austria's financial group Raiffeisen Tuesday revised upward its forecast on Romanian inflation to 5.3% at year-end, from 4.5% previously, saying it expects higher food and fuel prices.

Austria's financial group Raiffeisen Tuesday revised upward its forecast on Romanian inflation to 5.3% at year-end, from 4.5% previously, saying it expects higher food and fuel prices.

Raiffeisen estimates an annual inflation of 8.5%-8.7% in June.

Romania's consumer price index rose 8.01% in March from the same month a year earlier, accelerating from the previous month's 7.6% increase. It was the highest figure since August 2008.

The central bank targets an annual inflation of 3% at the end of 2011, plus/minus one percentage point around the band.