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IN JULY 2017, THE ANNUAL RATE OF PRICES WAS 1.4%
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Consumer prices were up 1.4% in July 2017 compared to July 2016.
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The average rate of consumer prices based on the CPI over the last 12 months (August 2016?July 2017) as compared to the previous 12 months (August 2015?July 2016) was 0.1%. The average rate based on the HICP was 0.3%.
The annual inflation rate stood at 1.4 percent in July, up from 0.85 percent the month before, reads a press release the National Institute of Statistics (INS) sent to AGERPRES on Friday.
"Consumer prices in July 2017 compared to July 2016 went up 1.4 percent. The average rate of consumer prices over the past 12 months (august 2016 - July 2017) against the previous 12 months (August 2015 - July 2016), calculated based on the CPI [Consumer Price Index] is 0.1 percent," the document reads.
According to the INS, determined based on the Aggregate Consumer Price Index, the average rate is 0.3 percent.
The National Bank of Romania (BNR) revised the inflation prognosis for the end of this year to 1.9 percent, BNR Governor Mugur Isarescu said on Tuesday, in the context in which the Central Bank's previous estimations stood at 1.6 percent, down 0.1 percentage points.
For the end of 2018, BNR estimates a 3.2 percent inflation rate, from 3.1 percent previously estimated, and for the end of the first half of 2019 it expects a 3.5 percent inflation rate.
According to BNR, the CPI annual inflation rate going back to the target interval is anticipated to take place in Q3 2017.
Calculated against constant taxes, the inflation rate will reach 2.9 percent in December 2017, a value over the 2.5 percent median inflation target.