”The perspective of accelerating inflation on the short and medium term and the accumulation of macroeconomic unbalances may prompt the central bank to start the post-crisis monetary cycle until the end of the current year,” said Banca Transilvania chief economist Andrei Radulescu.
Under the HICP, the inflation rate accelerated from 0.7% year-on-year in June to 0.9% year-on-year in July. In January-July 2017, consumer prices inched up on average 0.6% year-on-year. The annual average inflation rate reached 0.6% under the HICP too.