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Romania: Inflation stable in January

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Staff Writer |
Europe   Inflation was stable at December’s one-year low of 3.3% in January

Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.

A notable increase in prices for food, and higher prices for non-food items and services drove the result.

Romania's vegetables recorded the biggest increase in prices, while interurban transport recorded the largest decline

Romania's inflation was stable at December’s one-year low of 3.3% in January, thus remaining within the Central Bank’s target range of 1.5%–3.5%.

Meanwhile, Romania's annual average inflation inched down from December’s 4.8% to 4.7% in January.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.2% in 2019, which is unchanged from last month’s forecast.

For 2020, panelists expect average inflation of 3.0%.

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