The Associated Press February 12, 2007, 11:16AM EST Romania <http://www.businessweek.com/ap/financialnews/D8N896B82.htm> inflation rate slows in January
BUCHAREST, Romania Romania's inflation rate slowed to 4.01 percent on the year in January, the country's statistics institute said Monday. Prices for nonfood items fell 0.2 percent in the month due to a drop in natural gas prices, but services were up 1.4 percent. Annual inflation to December was 4.87 percent. The central bank, which has set an inflation target of 3 to 5 percent for 2007, cut its key lending rate on Friday by 0.75 percent to 8 percent. Copyright 2000-2007 by The McGraw-Hill Companies Inc. ---------------------------- Vali "Noble blood is an accident of fortune; noble actions are the chief mark of greatness." (Carlo Goldoni) "When the power of love overcomes the love of power, the world will know peace." (Jimi Hendrix)
