Romanian Inflation Slowed in November for First Time Since June
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Romania’s inflation rate dropped in November for the first time in five months as weaker demand partly offset the effects of a 5 percentage-point increase in the value-added tax from July.
The rate fell to 7.7 percent from 7.9 percent in October, the Bucharest-based National Statistics Institute said today in an e-mail. On the month, prices advanced 0.5 percent. The median estimate in a Bloomberg survey of seven economists was for annual inflation of 7.8 percent.