Bucharest: Romania's inflation accelerated less than the central bank and economists estimated in June as weak demand limited price increases. The inflation rate rose to 2.04 per cent, the first increase in eight months, the Bucharest-based National Statistics Institute said today by e-mail. The figure was below the 2.2 pe rcent median estimate of eight economists surveyed by Bloomberg. Consumer prices fell 0.04 per cent in the month. Romania's inflation outlook, which points to an increase in prices by the end of the year from a record-low 1.8 per cent in May and political turmoil that caused the leu to tumble, have prevented policy makers from cutting borrowing costs needed to help the recession-hit economy on June 27.
Romanian inflation quickens
Inflation rate rises to 2.04%