The price increase of food in September brought inflation to7.7%, a new two-month high.
Consumer prices went up by 0.56% in September against August, aftera rise of just 0.23% in August against July.
Inflation slightly exceeded analysts' expectations, which werebased on a demand contraction following the enforcement ofausterity measures.
Analysts of UniCredit Ţiriac Bank say there are still risks of theinflation rate going up because of a continued rise of volatilefood prices and of the exchange rate. However, a significant RONdepreciation is not expected over the next few months.
In July, the first month with an increased VAT of 24%, inflationwas 2.6%.
Food prices saw the highest increase in September, by 0.82%,following the rise in potato prices (7%), egg prices (6%) andedible oil prices (nearly 5%).
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