Romania's annual inflation rate dropped to 5.12% in May 2024, falling below the National Bank's target of 2.5%.
Romania's annual inflation rate dropped to 5.12% in May 2024, down from 5.9% in April, with food products rising by 1.24%, non-food products by 6.38%, and services by 9.29%. This decline exceeded the National Bank of Romania's target of 2.5%. Rate watchers anticipate that these circumstances may prompt the central bank to reconsider its monetary policy and potentially lower interest rates to stimulate economic growth.
June 12, 2024
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