10.9 C
Bucharest
May 18, 2022
BUSINESS

Exports increase, annual inflation stagnates

the first nine months of 2013 by 8.4 percent to RON 160.88 bln, while imports followed on a downward trend compared with the same period a year earlier, according to the estimated data of the National Institute of Statistics (INS), released on Monday. Thus, from January 1 to September 30, 2013, FOB (Free On Board) exports accounted for RON 160.88 bln (EUR 36.47 bln) and CIF (Cost, Insurance and Freight) imports stood at RON 179.225 bln (EUR 40.63 bln). Compared with the first nine months of the previous year, exports increased 8.4 percent in values expressed in lei (8.8 percent in values expressed in euros) and imports decreased 0.7 percent in values expressed in lei (0.3 percent in values expressed in euros).
The FOB – CIF trade deficit in the assessed period stood at RON 18.33 bln (EUR 4.15 bln), down RON 13.72 bln (EUR 3.060 bln), from the one registered in the similar period last year. The value of intra-community trade in goods (Inside EU28) in the period January – September 2013 was RON 112.24 bln (EUR 25.458 bln) in shipments and RON 136.41 bln (EUR 30.94 bln) in arrivals, representing 69.8 percent of the total exports and 76.1 percent of the total imports. At the same time, the trade in goods outside the EU (Outside EU28) in the first nine months of 2013 amounted to RON 48.64 bln (EUR 11.021 bln) in exports and RON 42.815 bln (EUR 9.69 bln) in imports, accounting for 30.2 percent of the total exports and 23.9 percent of the total imports.
The same INS data, consumer prices went up 0.3 percent in October 2013 compared with the previous month, while the annual inflation rate over the last 12 months stagnated at 1.88 percent. The overall average price increase over the past 12 months (November 2012 – October 2013) from the previous 12 months (November 2011 – October 2012), based on CPI stands at 4.5 percent, and, determined according to the Harmonised Index of Consumer Prices (HICP), accounts for 3.7 percent. According to INS, in October 2013 compared with the previous month, food prices grew 0.48 percent, non-food goods prices went up 0.06 percent, while service prices increased 0.46 percent. The monthly average inflation rate in the first ten months of 2013 stood at 0.1 percent, compared with 0.4 percent recorded in the same period last year. Prices for potatoes and eggs increased the most in October compared with September 2013, by 8.91 and 8.75 percent respectively, while the price for fresh fruits went down by 3.12 percent, especially for citrus and exotic fruits and also the price for canned fruits went down by 2.94 percent.

Related posts

CEC Bank supports purchase of ‘La Sagesse de la Terre’ sculpture

Nine O' Clock

New Europe Property Investments starts trading on the BSE

Nine O' Clock

Asphalt kings use same staff on several simultaneous worksites

Nine O' Clock