Romania Inflation Down in February
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Romania's annual consumer price inflation rate edged lower to 7.23% in February, from January's 3-month high of 7.41%, data from the National Institute of Statistics (INS) showed on Wednesday.
The annual price growth in food goods moderated to 4.48% in February from 5.64% a month ago. Prices for non-food goods grew 7.8% and charges for services were 11% higher.
On a monthly comparison basis, consumer prices moved up 0.7% in February, easing from a 1.1% advance in the prior month. Separate official data from the Bucharest-based institute showed that the country's industrial production declined 3.6% annually and 3.4% monthly in January.
Production in the extractive industry declined the most by 7.4% from last year, followed by manufacturing output with a 4.0% contraction.
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