Compared with June 2018, the consumer price index decreased by 0.4%, the data showed. In June and May 2018, the annual inflation rate stood at 5.4%.
Non-food prices grew 6.2%, food prices rose 3.4% and services climbed 2.6% year-on-year in July 2018.
The annual inflation rate calculated based on the harmonized index of consumer prices (HICP) stands at 4.3%.
The average inflation rate of the last 12 months (August 2017 – July 2018), compared with the previous 12 months (August 2016 – July 2017), calculated based on the consumer prices index (CPI), stands at 3.9%. The average inflation rate calculated based on the HICP stands at 3.2%.
The average monthly inflation rate in the first seven months of 2018 was 0.3%, compared with 0.1% in the same period a year before.
The highest price increases, compared with early-2018, were recorded by air transport (15%), natural gas (10%), fruits (6.6%), vegetables and canned vegetables (5.4%) and pork (3.5%). Egg prices fell by 28%.
Romania’s central bank on Wednesday revised its year-end inflation forecast to 3.5% from a previous projection of 3.6%, but warned inflationary pressures remain. The central bank also revised the 2019 year-end inflation forecast to 2.7% from a previous projection of 3%.