June 2019 inflation in Romania may fall below 4pct, according to market data with the National Bank of Romania (BNR), BNR Governor Mugur Isarescu said on Thursday at a news conference. "There will be no rampaging inflation in Romania, because we are here too.
Greece's annual EU-harmonised inflation rate slowed in May, statistics service ELSTAT data showed on Monday.
The reading in May was 0.6 percent from 1.1 percent in April. The data showed that headline consumer price inflation also decelerated to 0.2 percent year-on-year from 1.0 percent in the previous month.
Romania's consumption-fueled growth has raised macroeconomic imbalances, including inflation pressure and increased fiscal and current account deficits, so a change in the course of policies is needed to reduce the likelihood of another boom-bust scenario, the International Monetary Fund writes in its Staff Concluding Statement of the 2019 Article IV Mission posted on Friday.
Inflation in Venezuela in 2018 was 130 060 percent. The central bank said after four years of silence.
Economic data are, in principle, strictly kept secret from the authoritarian regime of Nicolas Maduro. The country's economy shrunk by 19.2% in the first nine months of 2018 on an annual basis, as private consumption has fallen sharply and inflation has risen.