Romanian Inflation Stays Flat as Political Risks Cloud Outlook
Romanian inflation remained unchanged last month as the gravest political crisis since the collapse of communism pushed the leu to a record low which will likely intensify price pressure and complicate the central bank's wait-and-see approach to monetary policy in the coming month.
Consumer prices rose at an annual rate of 4.85% in April, compared with 4.86% in March, the statistics office in Bucharest said on Tuesday. That's slightly below the 4.9% median estimate in a Bloomberg survey of economists. Prices were little changed from the previous month.
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