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Thursday, October 28, 2004
BUCHAREST, Oct 27 (Reuters) - The month-on-month rise in Romanian consumer prices is forecast at 0.8 percent on average for the last quarter, which will secure a single digit inflation goal, Finance Minister Mihai Tanasescu said on Wednesday.
"The average monthly inflation is estimated at 0.8 percent over October to December. This allows us to bring inflation to under 10 percent this year," Tanasescu told reporters.
Latest data showed year-on-year inflation stood at 11.1 percent last month versus 14.1 percent at the end of 2003.
Posted by Mihai : 10/28/2004 03:14:00 pm
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