Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. Consumer prices increased by only 0.56% in August, but this was enough to push the headline annual inflation to 15.3% YoY after dropping under 15% in July. Google+, Copyright: 2022. "According to current assessments, the annual inflation rate will probably continue to increase towards the end of the current year, under the impact of shocks on the supply side, but at a noticeably slower pace," according to the note sent by BNR along with the monetary policy decision on October 5: a 75bp hike, more than expected by analysts, based precisely on higher-than-anticipated August inflation. filian vrchat model. Download a sample report now. 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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%. crime rate in romania 2022 Follow us. LinkedIn 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%. (P) The hybrid schooling system - is this for real? Gas has seen the steepest. At the opposite end, the EU member states with the lowest inflation are France (6.6pct), Malta (7pct) and Finland (7.9pct). We do not want to privatise the Romanian Post, Prince Radu, was awarded in Rome, the Gran Croce dellOrderine al Merito Melitense decoration, Draft law on energy sectors decarbonisation, approved by the Chamber of Deputies, COP27: President Iohannis conveys Romanias willingness to collaborate with those in need to reduce natural disasters, ForMin Aurescu, Swedish counterpart Billstrom address Schengen accession, Romanias efforts in context of war in Ukraine. Consumer prices rose by another 1.3% in September, reaching 15.9% YoY - compared to 15.1% YoY projected by the National Bank of Romania (BNR). Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Singapore: Inflation stable in September. In the United States overall, the monthly inflation cost in August 2022 was highest within transportation ($281), followed by energy ($157), food ($99), and shelter ($95). Consumer prices in August 2022 increased by 0.6% on a monthly basis. For 2021, an inflation rate of 5.1% was calculated. According to the bank's latest report on inflation, published at the end of last week, the annual inflation rate will be at 9.6% in December 2022. (P) The hybrid schooling system - is this for real? 2 December 2021 Three Omicron scenarios for the global economy. Romania Photo of the Day by Dreamstime: Braov in autumn colors, New funding program supports Romanian NGO projects for people with disabilities. As regards the headline inflation in September, one-third (5.7pp) was caused by the higher energy (fuel, electricity, gas and heating), but the 19.2% higher food goods, on average, contributed as well (+6.3pp). The member states with the highest rates being Estonia, Latvia, Lithuania, Hungary, the Czech Republic, Bulgaria, Poland, the Netherlands, Slovakia and Romania, show the data published on Friday by the European Statistical Office (Eurostat). Producer prices surged 53% year-on-year in August, following a 52.3% increase in July, according to the Bucharest-based statistics agency. In Romania, the annual inflation rate rose to 13.3pct in August, from 13pct in July. The energy prices, particularly those of natural gas (+70% YoY) and fuels (+31% YoY), maintain the steepest annual growth rates. Consumer prices in August 2022 increased by 0.6% on a monthly basis. Inflation rates in Romania The inflation rate for consumer prices in Romania moved over the past 30 years between -1.5% and 255.2%. Latest Updates Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2. 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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%. Food and non-alcoholic beverage prices rose by 13.1% in the 12 months to August 2022, up from 12.7% in July. BNR projects 13.9% YoY inflation for the yearend, but the International Monetary Fund (IMF) recently suggested a significantly higher value (14.7% YoY). Client Log In, Facebook Inflation in Romania increased by 2.7% in August. This is lower than the long term average of 18.27%. August's figure was the highest inflation rate since October 2003. Romania Harmonised Inflation Rate YoY - September 2022 Data - 1996-2021 Historical Romania Harmonised Inflation Rate YoY Summary Stats Download Harmonised Inflation Rate YoY in Romania increased to 13.40 percent in September from 13.30 percent in August of 2022. source: EUROSTAT 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Romanian inflation keeps rising Given the available information, we are revising our forecast for average 2022 inflation to 8.8%, with the year-end rate at 8.0%. Twitter 17 November 2021 CEEMEA FX Outlook 2022: Treating inflation with respect. 2022 City Compass Media and/or its affiliated companies. During the observation period from 1991 to 2021, the average inflation rate was 45.5% per year. Senior Economist, Hungary. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. 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. Never miss out on our latest data,analysis and industryevents. Ciprian Dasclu, BCR's chief economist, expects the BNR to raise the key interest rate by 50bp at 6.75% with "a significant probability" for a 75bp hike based on the inflation figures having . 12 September 2022 Inflation dilutes Romania's public debt: 48.3% of GDP at end-June Overall, the prices of non-food items decreased marginally by 0.2% in August, remaining on average 16%. The trend pointed up, with annual average inflation coming in at 10.9% in August (July: 10.1%). Romania's annual inflation rate increased to 15.88pct in September 2022, from 15.32pct in August, as food prices surged by 19.12pct, non-food prices by 16.61pct, and services by 8pct, according to the data published by the National Institute of Statistics (INS) on Wednesday. Romanian inflation remains stable in August. 18 July 2022 Watch: Is globalisation dead? what remains after volatile goods prices, such as energy and food, are removed, increased from 5.1pct to 5.5pct . In terms of weights for 2022, 100 % for the headline HICP, services is the largest component, accounting for around 41.7 % of household final monetary consumption expenditure in the euro area. Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. 28263. Romania's annual inflation rose to 8.53% in February 2022, from 8.35% in January, as prices for non-food goods rose by 9.33%, for foods by 8.84%, and for services by 6.08% . The food prices are driving a second inflationary wave after the energy prices were so far mainly responsible for the headline inflation. August's result marked the weakest reading since November 2021. Romanian Inflation Rate Highest in Over 19 Years Romania's annual inflation rate rose to 15.32 percent in August of 2022 from 14.96 percent in July. It is followed by non-energy industrial goods with around 26.5 %. F is for Flexibility! The fees paid for services lag behind the overall rise in prices: +0.37% in August and +8.3% compared to August 2021. Business Insider SRL is a carrier of data with personal character, registered in the Registrul de Evidenta a Prelucrarilor de Date cu Caracter Personal with the no. Romania Inflation At 19-Year High; Industrial Production Falls. Jul 27, 2022 This statistic shows the average inflation rate in Romania from 1987 to 2020, with projections up until 2027. Romania's consumer price inflation accelerated further to a 19-year high in September, while industrial production declined in August, data from the National Institute of Statistics showed on Wednesday. The prices of milk and dairy products are particularly rising: by 4%-6% in August and some 20% YoY. In this article, we will look at global inflation rates by country and inflation around the world. . In 2020, the average inflation rate in Romania amounted to about. Food, alcohol & tobacco and energy account for 20.9 % and 10.9 %, respectively. Thus, the food prices rose by 18% YoY as of August, after they increased by 1.8% in August alone. Telephone services became less expensive by 0.94%, with that being the only drop in August 2022 prices compared with August 2021. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. In 2021, the inflation rate was 8.2%, the. . Prices have been rising since December 2020. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation comes in at highest level since October 2003 in August, Romania: Industrial activity decreases at softer pace in August, Romania: Septembers inflation rate comes in at highest level since September 2003, Romania: NBR hikes by more than expected in October, Romania: Industrial output falls at a softer pace in July. On the other hand, they decreased for non-food goods and services. Online Store Twitter Consumer Price Index in Romania remained unchanged at 101 index points in September 2022. The annual inflation rate in the Eurozone reached, in August, a new record level of 9.1pct (up from 8.9pct the previous month), while in the European Union (EU) it rose from 9.8pct to 10.1pct. At its meeting on 5 October, the National Bank of Romania (NBR) raised the policy rate to 6.25% from 5.50%, above analysts expectations of 50 basis points. Meanwhile, consumer prices rose 0.66% in . Finally, consumer prices rose a seasonally-adjusted 0.56% over the previous month in August, slowing down from the 0.89% increase seen in July. Romania, among EU countries with highest annual inflation rate in August Monday, September 19, 2022 Share The annual inflation rate in the Eurozone reached, in August, a new record level of 9.1pct (up from 8.9pct the previous month), while in the European Union (EU) it rose from 9.8pct to 10.1pct. "The main reasons for the high inflation still are price . For 2023, we see average inflation at 5.5%, and 4.5% by year-end Shutterstock Author As usual and as everywhere lately, inflation continues to surprise to the upside. Already higher than the central bank's projections in August, the inflation remains above the trajectory sketched by BNR under the latest Inflation Forecast. 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%. Already higher than the central bank's projections. Basic Info Romania Inflation Rate is at 13.40%, compared to 13.30% last month and 5.20% last year. The highest annual inflation rates in the EU were recorded last month in Estonia (25.2pct), Latvia (21.4pct), Lithuania (21.1pct), Hungary (18.6pct), the Czech Republic (17.1pct), Bulgaria (15pct), Poland (14.8pct), the Netherlands (13.7pct), Slovakia (13.4pct) and Romania (13.3pct). Economic Overview. The maximum level was 131 index points and minimum was 97.05 index points. August's figure was the highest inflation rate since October 2003. The annual inflation rate in the Eurozone reached, in August, a new record level of 9.1pct (up from 8.9pct the previous month), while in the European Union (EU) it rose from 9.8pct to 10.1pct. Worst part? 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). Indeed, the sharpest rise was posted by the price of electricity (+70% YoY as of September), but the price of vegetable oil (+47% YoY) or wheat flour (+34% YoY) also increased abruptly. Whos coming to Romania, Launch of The Picasso Effect Romanias Contribution, Scholarships and decorations awarding ceremonies at the Royal, DefMin Dincu pays tribute to Holocaust victims at Yad Vashem Memorial in Jerusalem, PM Ciuca: We will submit second request for payment under Recovery and Resilience Plan to EC in October, Barings collaborates with MassMutual Romania to recruit new talent for strategic projects, Joint agenda of CCIB and Sistema Italia for the development of the bilateral economic and trade relations, Orban, after visiting Dacia Plant in Mioveni: I assured the management of Govt collaboration in order to support the automotive sector, Draft law on energy sectors decarbonisation, approved by the Chamber of Deputies, COP27: President Iohannis conveys Romanias willingness to collaborate with those in need to reduce natural disasters, ForMin Aurescu, Swedish counterpart Billstrom address Schengen accession, Romanias efforts in context of war in Ukraine. argentina squad world cup 2022 facebook; budapest to heathrow british airways twitter; semi permanent makeup courses instagram; ryobi honda pressure washer 3100 psi youtube; facemoji emoji keyboard mail 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). . Home > News > Additionally, price pressures for food items increased at a faster pace. 2022 City Compass Media and/or its affiliated companies. Published by N. Snnichsen , Oct 13, 2022 The inflation rates of energy commodity prices in Romania began increasing in 2021, and have fluctuated widely since then. Industrial production dropped 0.3% year on year in August (July: -0.7% yoy). Looking at the details of the release, price pressures for food items increased in August. By way of derogation from paragraphs 1 and 2 of this Article, and without prejudice to the authorisation requirements pursuant to Regulation (EU) 2021/821, the competent authorities may authorise the sale, supply, transfer or export of dual-use goods and technology or the provision of related technical or financial assistance, for non-military use and for a non-military end user, after having . People shopping in a supermarket in Bucharest. . This page provides - Romania Inflation Rate MoM- actual values, historical data, forecast, chart, statistics . Romania. This was the fastest rise in consumer prices since April 2003, with food prices rising the most in two decades (18.22 percent vs 16.05 percent in July. Inflation is a global problem, caused by global events, including the war in Ukraine and the pandemic. My Cart Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). Inflation comes in at highest level since October 2003 in August, Inflation increased to 15.3% in August, above Julys 15.0%. Looking at the details of the release, price pressures for food items increased in August. Romania's producer price inflation eased to a four-month low in September, though it remained strong overall, data from the National Institute of Statistics (INS) showed on Wednesday. 10/04/2022 - 03:42:00 (RTTNews) (RTTNews) - Romania's producer price inflation accelerated for the third straight month in August, data from the National Institute of Statistics showed on Tuesday. Published by D. Clark , Oct 19, 2022 As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of. Core inflation is the indicator closely followed by the European Central Bank (ECB) when elaborating its monetary policy decisions. The pick-up was largely driven by rebounding price pressures for non-food goods. 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All rights reserved. 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). The Inflation Reduction Act was passed in August by Congress, yes, but not a single . Although the rate of inflation was slightly down, it remained at a high level clearly above 7%. Romanian Inflation Rate Highest in Over 19 Years Romania's annual inflation rate rose to 15.32 percent in August of 2022 from 14.96 percent in July. (P) Fit For Future Education. 10/12/2022 - 07:44:00 (RTTNews) (RTTNews) - Romania's consumer price inflation accelerated further to a 19-year high in September, while industrial production declined in August, data from the National Institute of Statistics showed on Wednesday. P ) the hybrid schooling system - is this for real % on a basis. 4 % -6 % in August years between -1.5 % and 10.9 % in by! 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