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INS: Annual inflation in Romania rises to 15.32pct in August 2022

Annual inflation in Romania rose to 15.32% in August 2022, from 14.96% in July, as food prices surged by 18.22%, non-food prices by 15.98%, and services by 8.26%, according to data published on Monday by the National Institute of Statistics (INS).

Consumer prices in August 2022 increased by 0.6% on a monthly basis. The August 2022 inflation rate as against December 2021 is 11.6%. The August 2022 annual inflation rate compared with August 2021 is 15.3%. The average rate of change in consumer prices in the last 12 months (September 2021 – August 2022) compared with the previous 12 months (September 2020 – August 2021) is 11.0%, according to the INS press statement.

The harmonised index of consumer prices in August 2022 compared with July 2022 is 100.44%.

INS says that the August 2022 annual inflation calculated against of the harmonised index of consumer prices (HICP) is 13.3%. The average rate of change in consumer prices in the last 12 months (September 2021 – August 2022) as against the previous 12 months (September 2020 – August 2021) as against HICP is 9.5%.

 

Natural gas more expensive by over 70pct, potatoes by over 54pct in one year

 

Natural gas became more expensive in Romania over the past year as it cost 70.64% more in August 2022 than in August 2021, according to data published on Monday by the National Institute of Statistics (INS).

Among the non-food goods that recorded the biggest surge in prices over the same period is fuels, with a price advance of 31.48% in August 2022 from August 2021, and steam, up 22.98%.

The foods which prices boomed in the reference interval were potatoes, with price increases of 54.34%, edible oil, up 49.68% , and flour, up 34.28%.

In the services sector, air transport ( 33.91%) water and sewerage (21%), and railway transport (20.92%) were the most expensive. Telephone services became less expensive by 0.94%, with that being the only drop in August 2022 prices compared with August 2021.

The most important price increases on a monthly basis in August were recorded in air transport – (23.89%), sugar (9.90%), butter (6.81%) and cow’s milk (5.56%).

There were also food products that became cheaper: fresh fruit by 1.32%, other vegetables and canned vegetables by 1.18% , and cornmeal by 0.02%. INS data also show that fuel prices were lower by 2.28%, telephone services by 0.9%, road transport fares by 0.15% and television subscriptions by 0.06%.

 

Via Agerpres

Photo: www.pixabay.com

 

 

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