Inflation

The National Bank of Romania (BNR) upwardly revised to 4.2 percent the inflation estimate for the end of the year, forecasting a 3.3 percent inflation for 2020, BNR governor Mugur Isarescu told a press conference in which he presented the quarterly report on inflation. In February 2019, BNR estimated a 3-percent inflation rate for the end of the year and 3.1 percent for 2020.

The consumer price index in April 2019 compared to March 2019 was 100.5%, i.e. the monthly inflation was 0.5%, reported the National Statistical Institute (NSI). 

The inflation rate since the beginning of the year (April 2019 compared to December 2018) has been 1.7% and the annual inflation in April 2019 compared to April 2018 was 3.7%.

The consumer price index for April 2019, compared to March 2019, was 100.5%, so the monthly inflation is 0.5%, NSI reported. Inflation from the beginning of the year (April 2019 versus December 2018) was 1.7% and annual inflation in April 2019 compared to April 2018 was 3.7%. The average annual inflation for the period May 2018 - April 2019 compared to May 2017 - April 2018 was 3.3%.

Consumer prices in Romania rose by 0.61pct in April 2019 from the previous month and by 2.75pct from the end of 2018, while the annual inflation rate increased by 4.1pct on food prices advancing 4.98pct, non-food prices 3.66pct, and services 3.83pct, according to data with the National Statistics Institute (INS) released on Monday.

Turkey's economy will prosper as employment levels increase and inflation rates are expected to sharply drop, Treasury and Finance Minister Berat Albayrak said on May 12.

Greece's annual EU-harmonized inflation rate accelerated in April, statistics service ELSTAT data showed on Friday.
   
The reading was 1.1 percent from 1.0 percent in March. The data showed that headline consumer price inflation also picked up to 1.0 percent year-on-year from 0.9 percent in the previous month.
   

In making the decision, the Executive Board was guided primarily by the outlook for inflation and its factors in the domestic and international environment, the bank said in a press release, and added:

We expect Bulgaria's economic growth to recover, albeit limited by declining demand for its foreign markets, shortage of employees and cooling of consumer attitudes, the European Commission said.

The consumer prices in Turkey increased 19.50 percent in April, marking a rate below market expectations.

Inflation has caused disruptions in public life, which has led to the exit of ROBOR (Romanian Interbank Offered Rate, ed. n.) from the game and the introduction of a new reference index for loans, but the National Bank of Romania (BNR) has no other role than that of mathematician of the system, Adrian Vasilescu, strategy strategist at BNR, told AGERPRES on Thursday.