Annual inflation in Romania accelerated to 5.42 percent in July, food prices rose by 1.71 percent

By: Trademagazin Date: 2024. 08. 12. 12:19

Annual inflation in Romania rose to 5.42 percent in July from 4.94 percent the previous month, the National Institute of Statistics (INS) announced on Monday.

Inflation in Romania slowed continuously for four months from March. In February, the annual rate was 7.2 percent.
The acceleration of inflation did not come as a surprise to the professionals. “I expect the July inflation to be above 5 percent again,” stated Mugur Isarescu, President of the Romanian Central Bank (BNR), last week.

In July, food prices rose by 1.71 percent, non-food products by 6.92 percent, and services by 8.52 percent.

The prices of postal services (26.59 percent), medicines (24.02 percent) and detergents (20.65 percent) increased the most compared to July 2023. Among the foodstuffs, the price of canned fruit rose the most, by 9.72 percent.

The biggest price drop occurred in the case of wheat flour (30.5 percent), corn flour (26 percent) and cooking oil (26 percent).