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Annual inflation rate falls under 6%

Miercuri, 11 octombrie 2006, 0:00

Romania’s annual inflation rate dropped under the 6% threshold in September this year to as low as 5.48% due to a fall of food prices, which brought balance in a time when non-food products and services prices grew, the National Statistics Institute announced on Wednesday.

September inflation rate upped 0.05%, slower than the 0.07% reported during the previous month.

The new drop comes half a year after the annual inflation rate stood at below 7% in April for the first time since 1990.

The inflation target announced by the National Bank this year is 5% plus/minus 1% and is expected to drop to 4% in 2007, and about 3.8% in 2008.

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