Isărescu: Inflation ceiling will remain close to March maximum until July

In the next three months, the inflation ceiling will remain around the maximum reached in March and will take a significant descending trend from August, on Thursday declared BNR Governor Mugur Isărescu.
Consumption prices grew by 0.67% in March, sustained by fuels and telephony services, and the annual inflation rate rose to 8.63%, which represents the maximum reached level since January 2006 to the present, according to data from the National Institute of Statistics (INS).
The increase in consumption prices in March, by 0,67%, was inferior to the 0.7% of February.
At the end of the first quarter, the inflation was 2.25%.
In the latest report on inflation, published in early February, the BNR revised upwards, by 1.6 percentage points, the inflation forecast for this year, from 4.3% to 5.9%, and estimates a 3.9% annual inflation for December 2009.
The 2009 forecast was revised downwards from 4.3%, but the figure had not been published by that time.
The BNR target is 3.8%, plus or minus one percentage point, for 2008, and 3.5%, plus or minus one percentage point.
The National Commission for Prognosis forecasts a 5.45 inflation for the end of the year, and an average 7% inflation for this year. At the end of last year, inflation was 6.57%, and the average 4.84%.
According to previous declarations of the BNR Governor, at the end of the year, the inflation rate will be close to the variation interval targeted by the central bank and will fall, most probably, between 5% and 6%.

Articol salvat de pe www.curierulnational.ro, ediţia din 18 Aprilie 2008. Acest articol este proprietatea Curierul National si nu poate fi reprodus fără acordul scris al acestora.