Deflation might be back after two years
Prices might go down by 0.2% on a monthly basis, bringing inflation down to some 7.9% year on year.
The same scenario of falling food and fuel prices might repeat itself in August as well.
Consumer prices then might increase to 6% year on year in December,” Raiffeisen Bank Romania Chief Economist Ionut Dumitru told daily Business Standard.
He predicts price rises of between 0.3 and 0.4% this August on a monthly basis, and of 8.4% in annual terms.