Annual inflation of 0.41% in January, new historic low

Romania's annual inflation rate fell to a new historic low of 0.41% in January 2015, after having stood at 0.83% in late 2013, according to the data released on Friday by the National Statistics Institute (INS).

Photo credit: (c) ANGELO BREZOIANU/ AGERPRES ARCHIVE

Compared to the previous month, in January 2015 consumer prices rose by 0.43% and 'the average increase in consumer prices in the last 12 months (February 2014 to January 2015) compared to the previous 12 months (February 2013 to January 2014), is 1%, calculated based on CPI,' reads the INS release.

In January 2015 compared to December 2014, the highest rise was recorded by service tariffs, by 0.61%, followed by non-food products' prices, by 0.23% and by food products, with a 0.57% advance. Compared to January 2014, in the first month of this year, the highest rise was recorded also by the tariffs of services, by 2.2%, followed by non-food goods, by 0.56%. On the other hand, food products' prices decreased in January 2015 by 0.69% compared to the same month of last year.AGERPRES