Romanian Deflation Deepens as Cheap Oil Drags Down Prices

Updated on
  • Consumer pices fell 0.8% after 0.7% decline in previous month
  • Central bank lowered its 2016 inflation outlook this week

Romania’s first period of deflation since the fall of communism deepened as low oil and electricity tariffs kept price growth subdued despite the waning effect of a reduction in sales tax.

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