Price stability

Turkey's Central Bank governor on Dec. 16 said the risk of upward inflation will require a tight, decisive monetary policy stance in 2021, adding that it will be tightened if needed.

Turkey posted a 14.03% annual hike in consumer prices in November, the country's statistical authority said on Dec. 3. 

Annual inflation rate rose 2.14 percentage points in November, up from 11.89% in October, according to the Turkish Statistical Institute (TÜİK).

The consumer price index saw a 2.30% monthly increase, it added.

Romania's annual inflation rate fell to 2.3% in May 2020, from 2.7% in April, given that food prices rose by 5.25% , services by 2.6%, and non-food goods by 0.15%, according to data released on Friday by the National Institute of Statistics (INS). Consumer prices in May 2020 compared with April rose by 0.05%, and compared with December 2019 they advanced 1.47%.

The consumer price index in March 2020 compared to February 2020 was 99.4%, i.e. the monthly inflation was -0.6%. The inflation rate since the beginning of the year (March 2020 compared to December 2019) has been 0.4% and the annual inflation in March 2020 compared to March 2019 was 3.0%.

The annual inflation rate kept steady at 3 percent this March, as food grew by 5.11 percent more expensive, service prices advanced 3.8 percent and non-food prices went up 1.39 percent, shows data released on Friday by the National Institute of Statistics (INS). March 2020 consumer prices were 0.5 percent higher compared to February and 1.16 percent up from December 2019.

The Board of Directors of the National Bank of Romania (BNR) decided in Wednesday's meeting to maintain the monetary policy interest rate at 2.5 percent per year, according to a statement sent to AGERPRES.

The consumer price index in November 2019 was 100.5% compared to October 2019, i.e. the monthly inflation was 0.5%, the National Statistical Institute said in a press release. The inflation rate since the beginning of the year (November 2019 compared to December 2018) has been 3.1%, and the annual inflation in November 2019 was 3.0% compared to November 2018.

The consumer price index in October 2019 compared to September 2019 was 100.8%, i.e. the monthly inflation was 0.8%. The inflation rate since the beginning of the year (October 2019 compared to December 2018) has been 2.5% and the annual inflation in October 2019 compared to October 2018 was 2.4%.

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 in December 2018 compared to November 2018 was 100.0%, i.e. the monthly inflation was 0.0%, reported the National Statistical Institute (NSI). The annual inflation in December 2018 compared to December 2017 was 2.7%.