Annual inflation exceeded 8% in March

The annual inflation rate increased in March to 8.01% due to the increase in food prices by almost 10% according to the National Statistics Institute. Important price increases registered for non food goods and for services. In March, consumption prices increased by 0.6% compared to the previous month.

Romania’s National Central Bank aims for this year at a 3% inflation, plus minus a percentage point while the estimate is of 3.6% for the end of the year. Romania’s governor declared last week that the central bank will most probably increase the inflation estimate.