In February, the annual inflation in Romania was 7.2 percent
In February, the annual inflation rate in Romania was 7.2 percent, the National Institute of Statistics (INS) announced on Wednesday.
This represents a decrease of 0.2 percentage points compared to January’s figure of 7.4 percent, but is still higher than December’s 6.7 percent. The Romanian National Bank (BNR) already indicated at the end of 2023 that inflation can be expected to accelerate at the beginning of the year due to the tax increases implemented by the Bucharest government effective January 1.
In February, the average price of food was 4.48 percent higher than a year earlier, and non-food products rose in price by 7.82 percent.
Between March 2022 and February 2023, average inflation was 9.1 percent, the INS said.
Related news
In March, annual inflation slowed to 6.6 percent in Romania
Annual inflation in Romania slowed to 6.6 percent in March…
Read more >Serviced counters help local proximity supermarkets rise in Central & Southeast Europe
Local proximity supermarkets increase their market share in Central &…
Read more >Retail turnover in Romania increased by 9.8 percent in the first two months of 2024 on an annual basis
Retail sales in Romania increased by 9.8 percent in the…
Read more >Related news
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the…
Read more >GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of…
Read more >We can drink from these RevoCups this year
More than 400 works were submitted to the VÍZió graphics…
Read more >