Consumer prices fell in November; annual inflation shrinks down to 1.26 pct

Newsroom 11/12/2014 | 11:34

Romanian consumer prices fell 0.2 percent in November from a month earlier, on lower prices for food and non-food products, and the annual inflation slid to 1.26 percent, the country’s statistics institute INS said Thursday.

Food and non-food products dropped 0.3 percent, while service rates increased 0.2 percent. The biggest price cut was registered for “fruits and fruit cans” which were cheaper by 4 percent in November. “Other services” experienced a 0.53 percent price hike.

“The harmonized consumer price index (IAPC) for November 2014 compared to the previous month was 99.80 percent and compared to November 2013 – 101.55 percent”, the INS press release shows.

The average price increase for the last 12 months compared to the previous 10 months was 1.1 percent based on IPC and 1.4 percent based on IAPC.

In october, consumer prices increase 0.2 percent month on month and 1.44 percent year on year.

The National Bank of Romania cut back inflation estimates from 2.2 percent to 1.5 percent for this year and from 3 percent to 2.2 percent in 2015.

 

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue