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Romania’s central bank sees annual inflation near 10% by year-end

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BUCHAREST (Reuters) -Romania’s central bank has raised its inflation forecast for this year, citing higher energy prices that it cannot control, its quarterly inflation report showed on Friday.

The bank now expects annual inflation to reach 9.6% in December, driven primarily by energy, a big jump from the 5.9% it had forecast in November.

Inflation rose to 8.19% at the end of 2021, its highest level in a decade, despite government energy subsidies and price caps for household clients in place from November through March.

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