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

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.