Annual inflation slight increase

The annual inflation rate was 7.39% on October, slightly higher than the 7.30% level in September. According to the National Statistics Institute, the price for food, services and non-food consumption products continued to grow.

In October, the consumption prices increased 1.06%, compared to September.

The annual inflation rate was 9.04% in July, the highest level in the past three years, 8.02% in August and 7.3% in September.

The Romanian Central Bank revised its inflation estimation from 6.6 to 6.7% at the end of the year. The inflation target was 3.8% + / – 1%.