INS: Industrial prices on Romania’s market dropped 0.1 pc in January


Industrial prices in Romania dropped 0.1 percent in January 2014, compared with the previous month, while on the foreign market they went up 0.3 percent, according to the data released by the National institute of Statistics (INS) on Tuesday. The industrial prices in January 2014 were at the same level as in the previous month. Compared with January 2013, they were 1.1 percent lower, 0.1 percentage points below the increase registered in Romania and 0.2 percentage points over the developments in the foreign markets. According to INS, in January 2014, compared with the same month of the previous year, the industrial prices increased significantly for durables (1.7 percent) and consumer goods (1.3 percent). Price decreases were registered in energy products (-2.9 per cent), intermediate goods (-1.6 percent) and capital goods (-0.6 percent). INS points out the data for the month of December 2013 are revised and those for the month of January 2014 are provisional. The industrial price index represents, together with the consumption price index, the agricultural price index and the indices of services prices, a key indicator in measuring inflation and determining the GDP deflator in Romania.

 

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