14:19, 28.07.2008 Romanian Fin Min Says a08 Headline Inflation At 6-7%

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BUCHAREST / 14:19, 28.07.2008 Romaniaa€™s headline inflation will be between 6% and 7% this year, exceeding the central banka€™s target of 2.8-4.8%, Economy and Finance Minister Varujan Vosganian said Monday.The minister said that in the European Union as well, the target will be exceeded, adding that the EUa€™s prognosis stands at 4-5% for the year-end inflation, compared with its 2% target.

"When we have set the 3.8% target, EU had a target of 2% utmost. Now, EU is forecasting an inflation of...

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