• Romania's consumer prices decreased at a slower than expected pace in October

Market news

11 November 2016

Romania's consumer prices decreased at a slower than expected pace in October

Romania's consumer prices decreased at a slower-than-expected pace in October, figures from the National Institute of Statistics showed Friday and cited by rttnews.

The consumer price index fell 0.4 percent year-over-year in October, slower than the 0.6 percent drop in September. That was just below the 0.5 percent decline expected by economists.

Prices of non-food products slid 0.8 percent annually in October and costs for services went down by 1.1 percent. At the same time, grocery prices grew 0.5 percent.

On a monthly basis, consumer prices rose 0.4 percent in October, in line with expectations.

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