Romanian annual inflation rate in 2012 stands at 4.95 %, under BNR target

The annual inflation rate in 2012 stood at 4.95 percent, below the target of the National Bank of Romania (BNR) established last year at 5.1 percent, according to data released on January 11 by the National Institute of Statistics (INS).

In November, the annual inflation rate stood at 4.56 percent.

In December 2012, prices rose by 0.6 percent compared with November, amid 0.66 percent price increases for food products and 0.89 percent for non-food goods, while service prices went down 0.19 percent.

The monthly average inflation rate in 2012 was 0.4 percent, compared with 0.3 percent registered in 2011.

The National Bank of Romania's projection for the annual inflation rate is 5.1 percent at the end of 2012 and 3.5 percent in late 2013.

Adapted from Agerpres