Romania Insider
Romania’s annual inflation rate spikes again in August

Romania’s annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1%.

The annual inflation rate reacted a multi-year high of 5.4% in May and June, after which it dropped to 4.6% in July, according to data from the National Statistics Institute (INS).

In August, the annual inflation rate was mainly fueled by non-food prices, which recorded a 6.8% advance compared to the same month of 2017. Food prices were up 4.15%, on average, while service prices increased by 2.6%.

Consumer prices also increased by 0.28% in August compared to July as non-food prices went up 0.66% and fuel prices increased by 0.13%. Food prices went down by 0.17%, on average, in August.

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Romania Insider
Romania’s annual inflation rate spikes again in August

Romania’s annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1%.

The annual inflation rate reacted a multi-year high of 5.4% in May and June, after which it dropped to 4.6% in July, according to data from the National Statistics Institute (INS).

In August, the annual inflation rate was mainly fueled by non-food prices, which recorded a 6.8% advance compared to the same month of 2017. Food prices were up 4.15%, on average, while service prices increased by 2.6%.

Consumer prices also increased by 0.28% in August compared to July as non-food prices went up 0.66% and fuel prices increased by 0.13%. Food prices went down by 0.17%, on average, in August.

[email protected]

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