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Inflation rate stands at 0.88 percent in February

Inflation rate stood at 0.88 percent in February, compared with the previous month, while the annual inflation (February 2008 - February 2009) climbed up to 6.89 percent, according to data released on Wednesday by the National Statistics Institute (INS).

In 2008, the annual inflation rate stood at 6.3 percent.

The average monthly rate stood at 1.1 percent in February 2009, compared with 0.8 in February 2008.

Compared with January 2009, the prices for the foodstuffs inched by 0.32 percent, while those for the non-food stuffs climbed up by 1.31 percent, while the tariffs for services increased by 1.03 percent. Compared with February 2008, the price for the foodstuffs grew by 5.87 percent, the tariffs for services surged by 9.48 percent, while the price for non-food stuffs climbed by 6.68 percent.

The average growth of the overall prices in the latest 12 months (March 2008 - February 2009) as against the previous 12 months (March 2007-February 2008) calculated based on the CPI (consumer price index) was of 7.7 percent, while the one calculated based on the harmonized index of consumer price (HICP) stood at 7.8 percent.

The Romanian National Bank (BNR) governor Mugur Isarescu has recently stated there exist big chances the fixed inflation target for this year, established at 3.5 percent (plus or minus one percentage point), to be reached.

 

Sursa: http://www.rompress.ro

Tags: percent february inflation while bnr