Macroeconomics

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).

EU to Greece: Keep up the grind

On the occasion of the first anniversary of Greece's exiting its third and final austerity program Tuesday, the European Commission urged the country to continue its efforts to put its finances right, lower the still "unacceptably high" unemployment and heal the social fissures that resulted from the lengthy financial crisis.

BNR keeping year-end inflation target at 4.2pct

The National Bank of Romania (BNR) is keeping the year-end inflation target at 4.2pct, estimating a 3.4-pct 2020 year-end inflation, BNR Governor Mugur Isarescu said Thursday upon releasing the bank's quarterly inflation report. In May 2019, BNR was expecting year-end inflation to stay at 3.3pct in December 2020.

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