Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Annual inflation of 6.3 pc in December 2008, below BNR estimates

The inflation rate registered a slight fall last year, to 6.3 per cent, against 6.57 per cent in 2007, a level below the expectations of the analysts and of the central bank, on the background of a good performance in December, when the consumer prices rose only 0.23 per cent, according to INS data.

The estimates of the analysts regarding inflation in December were between 0.48 per cent and 0.8 per cent in monthly terms and between 6.5 per cent and 6.9 per cent for the whole year 2008, while the most recent prediction of BNR was 6.7 per cent. The inflation target set by the central bank was 3.8 per cent (plus/minus one point) for 2008, which means that the annual rate exceeded by 1.5 points the upper level of the interval.

Last year, the services represented the main sector with price rises, with a growth of the tariffs of 7.71 per cent, followed by food - 6.02 per cent, the non food commodities ranking last - 5.96 per cent.

Fuels slowed down inflation

The slowing down of inflation from 0.32 per cent in November to 0.23 per cent in December was determined by the fall of the fuel prices by almost 4 per cent. The fuels became cheaper in December by 3.82 per cent, more than the fall of 3.3 per cent registered in the previous month.

At international level, the fall of the demand as a result of the financial crisis and the recession determined in 2008 the fall of oil price by 54 per cent at the level of the whole year. Presently, the evolution of the quotation of oil on the American market continues to be characterized by a high degree of volatility, this being over USD 100 per barrel lower than the historical record of USD 147.27 per barrel reached in July.

The average monthly inflation rate was 0.5 per cent, the same as in 2007, while the annual average inflation rose to 7.9 per cent, three points above the level from 2007.

In December, the depreciation of the national currency was felt in prices, especially in the segment of the services, where the rises were in the average of 1.3 per cent. The prices of the food products also rose 0.52 per cent, but the non food products became 0.47 per cent cheaper.

 

Sursa: http://www.nineoclock.ro

Tags: level annual december inflation bnr

Articole similare