Isarescu: Inflation rate keeps dropping

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The inflation rate keeps dropping in the 2nd quarter of 2009, National Bank of Romania (BNR) governor Mugur Isarescu said on unveiling the quarterly report on inflation on Thursday.

‘We can notice that the disinflation has picked up,’ Isarescu said.
The BNR has revised the 2009 projected inflation 0.1 percentage points downwards, from 4.5 percent as set in the this Feb. report to 4.4 percent. Furthermore, the 2010 projected inflation has been revised 0.4 percentage points downwards, from 3.2 percent down to 2.8 percent.

The inflation rate was 0.2 percent in June compared to May, while the year-on-year inflation (June 2008-June 2009) was down to 5.86 percent from 5.95 percent in the prior month.

According to the National Institute of Statistics, the average monthly inflation rate during Jan. 1 – June 30, 2009 was 0.5 percent from 0.6 percent over the same period of 2008.

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