Raw material prices have been following a significantly upward trend worldwide this year, and the impact on Romania is getting stronger and stronger, even if not taking into account the VAT hike.
The Statistics Institute yesterday announced a 0.55% monthly inflation in October, which explains last week's nervousness of the NBR officials when it came to talking about prices.
The high growth of the resource-intensive emerging economies, as well as the hundreds of billions of dollars worth of injections by Federal Reserve are some of the causes of a new boom of prices of raw materials - be they foods or non-foods, after the 2008 boom, which was offset by the major financial crisis. Agerpres, , Mediafax, Romanian Global News,Vancouver Sun,Financial Times,Le Monde,Tribune,Financial Times,Wall Street Journal
The Statistics Institute yesterday announced a 0.55% monthly inflation in October, which explains last week's nervousness of the NBR officials when it came to talking about prices.
The high growth of the resource-intensive emerging economies, as well as the hundreds of billions of dollars worth of injections by Federal Reserve are some of the causes of a new boom of prices of raw materials - be they foods or non-foods, after the 2008 boom, which was offset by the major financial crisis. Agerpres, , Mediafax, Romanian Global News,Vancouver Sun,Financial Times,Le Monde,Tribune,Financial Times,Wall Street Journal
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