INS: Annual inflation 1 pc, consumer prices stagnated


The Romanian consumer prices rose insignificantly in this March from Feb., by 0.03 percent, while when compared to March of 2013 the rise was by 1.04 percent, show figures released by the National Institute for Statistics (INS) on Thursday. ‘The overall average price rise in the last 12 months (April 2013 – March 2014) as compared to the prior 12 months (April 2012 – March 2013) calculated on the basis of the Consumer Price Index is of 2.8 percent, while the one calculated on the basis of the Harmonized Consumer Price Index stands at 2.3 percent’, the release says. The monthly average inflation rate in the two months of 2014 was of 0.4 percent, down from 0.6 percent in last Jan. and Feb. Foodstuff prices dropped by 0.12 percent in March from the prior month and were down by 2.21 percent from March of 2013, the Institute announced.

Non-foodstuffs were by 0.1 percent more expensive in March from Feb. and cost by 2.53 percent more as compared to last March. The services prices increased the most in the above-mentioned period, by 0.13 percent on a monthly basis and 4.09 percent y-o-y.
Significant price rises in March from Feb. were recorded by beans 3.41 percent, citrus fruit 1.83 percent, fruit and canned fruit 1.2 percent. On the other hand, eggs sold for 6.23 percent less and potatoes were cheaper by 2.27 percent, the Institute said.
The same INS data reveal hat Romania’s industrial output (raw series) in the first two months of 2014 was 9.4 percent up year-on-year, following growth in the manufacturing industry (+ 10.7 percent) and in the production and supply of electricity, heat, gas, hot water and air conditioning (+ 3.9 percent). In the same interval, the mining industry dropped 3.5 percent.
In a breakdown by major industrial groups, growth was registered in the industry of durables (+15.0 percent), the capital goods industry (+13.1 percent), the industry of intermediate goods and the FMCG industry (+ 7.4 percent each), and the energy industry (+3.8 percent). Expressed as working day and seasonally adjusted series, the industrial output increased 10 pct compared to the same period of the previous year due to growth in the manufacturing industry (+11.1 percent), and in the production and supply of electricity, heat, gas, hot water and air conditioning (+4.4 percent). The mining industry dropped 2.6 percent. In a breakdown by major industrial groups, growth was registered in the industry of durables (+16.1 pct), the capital goods industry (+14.9 percent), the FMCG industry (+ 9.1 pct), the intermediate goods industry (+4.8 percent) and the energy industry (+3.8 percent).

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