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September 18, 2021
BUSINESS

As of March 1, fuel and food prices rise

March 1 brings along a new wave of hiked prices for the Romanians. Prices will be hiked for heating, petrol and gasoline, and more expensive fuels imply, in fact, more expensive food. According to Antena3.ro, last autumn, a kilo of flour cost RON 0.78, while, now, bread-makers buy flour at almost a triple price.


As a consequence, the price of bread will rise, in turn. Shortage of raw matter will also lead to higher prices for cooking oil. The sun-flower reserve ran out and producers are importing it, now, at higher prices. Furthermore, cab fares will rise. Specialists announce that, soon, Romania will import paper and cardboard at considerably higher prices. The major European producers already announced price rises by up to 10 pc. In fact, February brought, for Romanian buyers, prices hiked by over 8 per cent compared to the same month of 2010. Romania claims fourth place in Europe, in the ranking of countries where food prices have risen, whereas, in countries like Holland or Ireland, food prices have dropped. In the euro zone, food prices rose by an average 0.4 per cent, compared to December 2010, and by 1.5 per cent, as compared to January 2010. The most significant differences were reported in Cyprus, while, in Holland, food prices dropped by 0.7 per cent. The steepest rises in food prices were reported, in the past two years, in Turkey, Hungary and Poland.

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