BNR Exchange Rates
10.02.2012- 1 EUR
4.3529 RON - 1 USD
3.2831 RON - 1 CHF 3.5986 RON
- 1 GBP 5.1981 RON
- 1 gr. aur181.2627 RON
Average two-month inflation rate at 0.9 pctUpdated: 15-03-2010 | Economy
The average inflation rate over the first two months of the current year stood at 0.9 percent, compared to 1.1 percent in the same period of 2009, shows data centralized by the National Statistics Institute (INS).
February's year-on-year inflation rate (February 2009 - February 2010) stood at 4.49 percent, down from the 5.2 percent attained in January. Compared to January, prices for food and non-food goods increased the most in February, by 0.24 percent, while service fees remained stable.
Compared to February 2009, food grew by 0.02 percent more expensive, service fees advanced 2.80 percent and non-food prices went up by 9.09 percent.
The overall price growth in the past 12 months (March 2009 - February 2010) against the previous 12 months (March 2008 - February 2009) determined on the basis of the CPI (consumer price index) and that determined on the basis of the harmonized index of consumer prices (HICP) is 5.3 percent.
The National Bank of Romania (BNR) revised upwards its inflation forecast for 2010 from 2.6 percent to 3.5 percent and estimates an inflation rate of 2.7 percent; one of the elements that weighed on the forecast was the increase in the tobacco excise duties. The contribution to inflation of CPI components shows an impact of 6.5 percent for tobacco products; 4.5 percent for fuels; 3.5 percent for vegetables, fruit and eggs; and 1.5 percent for administered prices.
Latest News:
- Combined revenues of the top 20 Deloitte Football Money League clubs exceed €4.4bn to defy European economic woes
- Five banks join the partnership between RBS Romania and Vodafone for the payment of mobile telephony bills by inter-bank direct debit
- The Western Union Company reported financial results for the 2011
- Vodafone Romania reports financial results for the third quarter of the financial year 2011 - 2012
- Business needs to do more to manage deal risks in growth markets, urges PwC report
- COSMOTE Romania advises parents to keep their children safe on the internet, for the 4th year in a row
- President Basescu names Mihai Razvan Ungureanu to head new Gov't of Romania
- BNR decide do lower the monetary policy rate to 5.50 percent
- Romania: Record Transaction for the Office Market Outside Bucharest City Business Centre (CBC) in Timisoara Sold to NEPI
- METLIFE TO ACQUIRE THE CZECH, HUNGARIAN AND ROMANIAN OPERATIONS OF AVIVA plc
- BNR: Silver coin dedicated to 10 years anniversary of introducing euro coins and bills
- Deloitte: Top Trends in Telecommunications in 2012
- PwC: Big spending predicted in 2012 for gold mining companies
- The value of tax payments by card almost doubled in the first 11 months of 2011, to RON 69.4 million
- Deloitte: Top media trends in 2012. Media consumption is equally split between tradition and latest technologies
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
