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INS: Annual inflation rate up to 5 pct in July 2021. Electrical energy, natural gas and cooking oil had the highest price increases in the past year

The annual inflation rate has risen to 5 pct in the month of July 2021, from 3.9 pct in June, given that non-food products were more expensive by 7.64 pct, services by 2.74 pct and foodstuffs by 2.33 pct, according to data published on Wednesday by the National Institute for Statistics (INS).

The consumption prices in July 2021 compared to June 2021 rose by 1 pct, and since the beginning of the year (July 2021 compared to December 2020), the price increase was of 4.4 pct.

The median rate of consumption prices in the past twelve months (August 2020 – July 2021), over the previous 12 months (August 2019 – July 2020) is 3.1 pct.

According to the INS, the Harmonised Indices of Consumer Prices (HICP) in July 2021 compared to June 2021 is 100.46 pct.

“The annual inflation rate in July 2021 compared to July 2020 calculated on the basis of the HICP is 3.8 pct. The median rate of consumer prices in the past 12 months (August 2020 – July 2021) over the previous 12 months (August 2019 – July 2020) determined using HICP is 2.5 pct,” the INS specifies.

The National Bank of Romania increased to 5.6 pct the inflation forecast for the end of this year, according to a presentation conducted on Monday by the Governor of the National Bank of Romania, Mugur Isarescu.

 

Electrical energy, natural gas and cooking oil had the highest price increases in the past year

 

Electrical energy, natural gas and cooking oil had the highest price increases in the past year, July 2020 to July 2021, while potatoes recorded the highest decrease in price, according to data from the National Institute for Statistics published on Wednesday.

In the July 2020 – July 2021 interval, prices for electrical energy have gone up by 24.65 pct, for natural gas by 20.55 pct, for cooking oil by 18.08 pct, while potatoes noted a decrease of price by 31.02 pct.

In what regards foodstuffs, in the said period the highest price increases were for cooking oil – 18.08 pct, sheep’s cheese – 6.01 pct, and fresh fish – 5.76 pct, while the most important price decreases were for potatoes – 31.02 pct, fresh fruit – 4.93 pct and citruses and other meridional fruits – 2.38 pct.

Since the beginning of this year, the price of edible oil increased by 14.19 pct, citruses and other meridional fruits by 13.40 pct, and fresh fruit by 10.93 pct, while eggs were cheaper by 4.68 pct and potatoes by 3.92 pct.

In the non-food stuff category, in the mentioned period the highest price increases were noted for electrical energy – 24.65 pct, natural gas – 20.55 pct, and fuel – 12.96 pct, while the only decrease was noted for thermal energy, by 0.2 pct.

Since the beginning of 2021, the price for electrical energy has increased by 23.15 pct, for natural gas by 20.68 pct and for fuel by 11.27 pct.

In the past year, July 2020 to July 2021, Romanians paid most for postal services (plus 5.4 pct), for water, sewerage and salubrity services (4.47 pct) and medical aid (4.41 pct). On the other hand, plane travel prices decreased by 22.97 pct.

Since the beginning of the current year, the highest price increases were recorded for postal services (5.51 pct), water, sewerage and sanitation services (4.18 pct) and hygiene and cosmetics (3.04 pct), with the only price decrease was noted in air travel services – 18.09 pct.

 

Average net salary goes up in Romania by almost 10 Eur in June

 

The average gross nominal salary was 5,779 RON in June, higher by 84 RON than the previous month, while the average nominal net value has gone up to 3,541 RON, rising by 49 RON (rd 10 Euro), reported to the reference period, according to the data published on Wednesday by the National Institute of Statistics (INS).

According to the official figures, the highest values of the average net nominal salary were registered in the sectors of information technology – including IT activities (8,439 RON), and lowest values were in the Hotel and Restaurant sector (1,926 RON).

The INS data shows that, in June, as opposed to May 2021, the most significant growths of the average net salary were registered in the editing activities (+20.9%) and telecommunication, air transport, manufacture of coke products and products obtained from the processing of crude oil, manufacture of basic pharmaceutical products and final pharmaceutical products, manufacture of computers, electronic and optic products, car, equipment and machinery manufacturing (between 10.5% and 15%).

On the other hand, there were important drops in the average net salary, and were recorded as such: 16.1% in the extraction of black and brownish-black coal, but also 9.6% in the extraction of crude oil and natural gas.

Furthermore, in the public sector there was a slight increase in the average net salary from the previous month in education (+0.5%), and in public administration (+0.1%). Moreover, in the health and social assistance sectors, the average net salary has gone down from the previous month (-2%).

 

Via Agerpres

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