Annual inflation rate, slightly down in Romania in September

11 October 2018
Normal

Annual inflation rate, slightly down in Romania in September

11 October 2018

Romania recorded an annual inflation rate of 5.03% in September, slightly down compared to August – 5.1%, the National Statistics Institute (INS) announced on Wednesday, October 10.

Food prices were 4.44% higher in September 2018 compared to the same month of 2017. Non-food prices went up even more, by 6.55%, while the prices of services increased by 2.54% year-on-year.

The inflation peak was recorded in May, when the annual inflation rate reached 5.41%, the highest level since February 2013.

Romania’s National Bank expects the inflation rate to fall to 3.5% at the end of this year.

The annual inflation rate measures the average increase in consumer prices over a 12-month period.

ASF official: Romanians lose EUR 1.5 bln a year at 5% inflation rate

editor@romania-insider.com

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