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Romanian January Inflation Quickens More Than Forecast on Energy

Romania’s inflation accelerated more than analysts’s forecast in January as rising electricity, tobacco and food costs outweighed a stronger currency that lowered services prices.

The inflation rate rose to 6 percent, the highest in 19 months, compared with 4.95 percent in December, the Bucharest-based National Statistics Institute said today. The figure exceeded the 5.4 percent median estimate of 15 economists surveyed by Bloomberg. Prices rose 1.3 percent from the previous month.