Inflation

Vasilescu (BNR): Inflation strikes without taking into acccount what Gov't says

Romania is facing an inflation twice as high as the level considered optimal for this indicator, and this does not depend on the authorities' statements, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR) told a profile conference on Wednesday. "Inflation strikes without taking into account what the Government says, what the companies say, what the population wants.

"As early as of December, the average salary will amount to 500 euros"

He said in an interview for daily "Blic" that the increase in the public sector would follow from the November salary, which is paid in December.
"Talks with the IMF are currently underway, and we are encouraged by a budget surplus of RSD 46.6 billion in August," Mali said.

INS: Annual rate of inflation down to 3.9 pct in August, foodstuff prices up 5 pct

The annual rate of inflation went down to 3.9 pct in August this year, from 4.1 pct in July, given that non-food item prices went up 2.98 pct, foodstuff prices increased 5.02 pct and the prices of services registered an advance of 4.23 pct, according to data published on Wednesday by the National Institute of Statistics (INS).

Prices in Greece decline in August

Greece's consumer price index returned to negative territory in August as data for the month released on Tuesday by the Hellenic Statistical Authority (ELSTAT) showed a deflation rate of 0.2 percent compared to a year earlier.
The European Union-harmonized index showed a marginal increase of 0.1 percent, down from a 0.4 percent rate in July.

Annual Inflation in the EU Down to 1,4%, in Bulgaria it Accelerates to 2.6%

European Union annual inflation was 1.4% in July 2019, down from 1.6% in June. A year earlier, the rate was 2.2%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Portugal (-0.7%), Cyprus (0.1%) and Italy (0.3%).

Monthly Inflation of 0.8% in Bulgaria in July 2019 Compared to June by CPI

The consumer price index in July 2019 compared to June 2019 was 100.8%, i.e. the monthly inflation was 0.8%, the National Statistical Institute (NSI) said in a press release. The inflation rate since the beginning of the year (July 2019 compared to December 2018) has been 2.0% and the annual inflation in July 2019 compared to July 2018 was 2.9%.

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