Annual inflation of 0.2pc in March, foodstuff prices up by 1.67pc

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The consumer prices have increased by 0.2% in March 2017 against March 2016, a similar level with February, in the context of higher prices for food products by 1.67% and of cheaper non-food goods by 0.25% and services by 1.39%, the National Statistics Institute (INS) informs on Tuesday.

“In March 2017, the share of goods and services registering falling prices against March 2016 is of 19.4%, those with increases between 0-2.5% have a share of 65 8%. The goods and services with price increases of more than 2.5% had a share of 14.8%,” INS informs.

The average consumer prices in the last 12 months (April 2016 – March 2017) as compared to the previous 12 months (April 2015 – March 2016), calculated based on the CPI is of -0.9%. Calculated according to HICP the average rate is -0.5%.

The National Bank of Romania (BNR) revised downwards its inflation forecast until the year-end by 0.4 percentage points to 1.7%.

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