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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Headline inflation in Romania stays at 2.1% at end-2020

The annual inflation rate stayed at 2.1% year-on-year in December last year, according to data published by the National Statistics Institute (INS).

Food prices rose by 3.24%, service fees by 2.69%, and the prices of non-food goods by 1.01%.

The annual inflation rate calculated based on the Harmonized Index of Consumer Prices (HICP) basket was 1.8%.

Meanwhile, the average rate of consumer prices in the last 12 months compared to the previous 12 months, calculated based on the national consumer goods basket, was 2.6% at the end of December. Under HICP, the average rate was 2.3%.

Romania's National Bank (BNR) estimated an inflation rate of 2.1% at the end of 2020 and 2% in the third quarter of 2022, according to the latest Inflation Report.

"Following the publication of the August 2020 Report, there were some more significant disinflationary pressures induced mainly by exogenous components of the consumer basket, in the segment of volatile food and fuel prices, respectively. Under these circumstances, the annual inflation rate is expected to fall to 2.1% by the end of this year, a significant revision of 0.6 percentage points from the previous forecast," the Inflation report reads. 

[email protected]

(Photo source: Bizroug/Dreamstime.com)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Headline inflation in Romania stays at 2.1% at end-2020

The annual inflation rate stayed at 2.1% year-on-year in December last year, according to data published by the National Statistics Institute (INS).

Food prices rose by 3.24%, service fees by 2.69%, and the prices of non-food goods by 1.01%.

The annual inflation rate calculated based on the Harmonized Index of Consumer Prices (HICP) basket was 1.8%.

Meanwhile, the average rate of consumer prices in the last 12 months compared to the previous 12 months, calculated based on the national consumer goods basket, was 2.6% at the end of December. Under HICP, the average rate was 2.3%.

Romania's National Bank (BNR) estimated an inflation rate of 2.1% at the end of 2020 and 2% in the third quarter of 2022, according to the latest Inflation Report.

"Following the publication of the August 2020 Report, there were some more significant disinflationary pressures induced mainly by exogenous components of the consumer basket, in the segment of volatile food and fuel prices, respectively. Under these circumstances, the annual inflation rate is expected to fall to 2.1% by the end of this year, a significant revision of 0.6 percentage points from the previous forecast," the Inflation report reads. 

[email protected]

(Photo source: Bizroug/Dreamstime.com)

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