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Sunday, September 23, 2007

Romanian Inflation

Long term, inflation in Romania has obviously been coming down:

But if we look at the evolution in the monthly CPI the recent trend is rather different:

We can see that since March this year the trend has now reversed and inflation is on the rise again. This will now need watching very carefully in the months to come in the light of what I have been saying in recent posts on construction cost and wage cost inflation.

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