In September, consumer prices jumped 1.18% over the previous month, which more than doubled the 0.51% increase recorded in August and widely exceeded market expectations of a 0.60% increase. The increase was the result of higher prices in all categories, particularly food items. As a result, annual headline inflation jumped from 3.9% in August to 5.3% in September, which was well above the Central Bank's tolerance margin of 3.0% plus/minus 1.0%, and exceeded market expectations of a 4.7% rate. In addition, the reading marked the highest rate since June 2011. Annual average inflation rose from 2.8% in August to 3.0% in September.
Inflation jumps on higher food prices
October 10, 2012
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Romania Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics.
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.