Romanian inflation rises more than expected to 4.0pc y/y in March

BUCHAREST: Romania's consumer price inflation rose above market expectations to 4.0 percent on the year in March, from 3.8 percent the previous month, data from the National Statistics Board showed on Wednesday.

Data showed prices rose 0.5 percent on the month in March, with food and non-food prices each up 0.5 percent while services advanced 0.4 percent.

The median forecast of a Reuters poll of analysts put inflation at 3.9 percent in March. Analysts put inflation at 3.7 percent at the end of December, above the central bank's 1.5-3.5 percent target.