The annual U.S. inflation rate was little changed last month, hitting 8.2% . The first version of TOKERO was Romania-based LDV Bank, which was launched By RBJ 1 September 2022 ING Monthly: Recession's coat of many colours. The annual inflation rate rose to 15.88% in September of this year, from 15.32% in August, as the prices of food goods increased by 19.12%, those of non-food goods were higher by 16.61%, and services were more expensive by 8%, according to data published on Wednesday by the National Institute of Statistics (INS). Core Inflation Rate in Romania averaged 5.09 percent from 2001 until 2022, reaching an all time high of 29.70 percent in December of 2001 and a record low of -0.50 percent in December of 2016. Among the main industrial groups, prices for energy grew the most, by 130.7% followed by intermediate goods with a 21.3% rise. 77% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. The maximum level was 131 index points and minimum was 97.05 index points. The Romanian National Bank (NBR) will announce its latest policy rate decision on Tuesday. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. (RTTNews) - 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 showed on Wednesday.. Singapore: Inflation stable in September November 7, 2022 Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. September 12, 2022 38 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). Romania's headline inflation would hit 7.5% at the end of the year to rise up to 8.6% at the end of the second quarter (Q2) next year as the temporary energy bill subsidies are phased off and. All Rights Reserved | Powered by I-Rock, Year-on-Year Inflation for September 2022 at 9.9 Percent, Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. August's figure was the highest inflation rate since October 2003. Prices in the domestic market increased 62.9 percent annually in September and those of the foreign market rose 17.8 percent. The International Monetary Fund revised significantly upward the estimates regarding the advance of consumer prices in Romania both for this year, from 9.3% to 13.3%, and especially for next year, from 4% to 11%, shows the latest World Economic Outlook report, published on Tuesday by the international financial institution. According to INS data, the harmonized index of consumer prices (IACP) indicator for determining inflation at the level of EU member states in September 2022 compared to August 2022 is 100.93%. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. In the 15 years since we GDPR | COOKIES: We use cookies to ensure that we give you the best experience on our website. Consumer prices in September 2022 compared to the previous month . 8.20 %. By RBJ Prices for durable consumer goods and non-durable consumer goods rose by 16.7% and 19.1%, respectively. Photo by Albert Zoltan / Shutterstock.com. Prices for capital goods advanced 10.4 percent. By contrast, the inflation rate . We would like to invite you to help us deliver the quality business journalism you require. In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. English inflation CPI. Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). Romania: End of the tightening cycle is close. Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. 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 Romanian crypto platform expands to international markets. Determinants for the further worsening of the near-term inflation outlook are the higher dynamics anticipated to be recorded in the coming months by the prices of natural gas and electricity including in the conditions of the change in the characteristics of the electricity price capping scheme as well as food prices, under the influence the large increase in the quotations of agri-food goods, against the background of the war in Ukraine and the imposed sanctions, but also of the prolonged and extended drought at the European level this summer. The annual inflation rate in September 2022 compared to September 2021 calculated on the basis of the harmonized index of consumer prices (IAPC) is 13.4%. The By Constantin Radut 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. 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, argued the representatives of the National Bank of Romania, in a statement sent on October 5, 2022. Log in or sign up for a free TradingView account, and enjoy no holds barred access to global finance news, in real-time. The CPI rose 0.4% in September compared to a month earlier, and 8.2% year-over-year, higher than economists expected. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers. Copyright 2021 - www.romanianbusinessjournal.ro|Contact: office.rbjournal@gmail.com; office@romanianbusinessjournal.ro All right reserved | Creare Site: AmiGio. By RBJ 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. Prices increased 13.5 percent from January 2021 to September 2022, costing the average American household $728 last month alone. Prices for durable consumer goods and non-durable consumer goods rose by 16.7 percent and 19.1 percent, respectively. Mastercard today introduces Crypto SourceTM, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. Core inflation, which excludes volatile food and energy costs, rose 0.6% in. your password 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. Annual food inflation for September 2022 was recorded at 12.1 percent from 11.3 percent in August 2022, Zambia 2022 Census Of Population And Housing Underway In All Parts Of The Country, Overall Monthly Inflation Rate decreased to -0.4 Percent, 2023 IAOS-ISI Conference Better Lives 2030: Mobilising the Power of Data for Africa and the World, Year-on-Year Inflation for October 2022 at 9.7 Percent, Overall Monthly Inflation Rate Increased to 0.2 Percent, Ministry of Water Development, Sanitation & Environmental Protection, Ministry of Foreign Affairs & International Cooperation, Ministry of Home Affairs and Internal Security, Ministry of Community Development & Social Services, Ministry of Infrastructure ,Housing & Urban Development, Ministry of Local Government & Rural Develoment. Latvia Inflation Eases Slightly in October, Inflation Rate in Hungary Hits 21.1% in October, N. Macedonia Inflation Rate Accelerates in Oct, Business Real Estate | Nov 10, 2022, 13:35, Economy Agriculture | Nov 10, 2022, 12:20, Hungary Signs Framework Deal on 2nd Swiss Contribution, Politics Foreign Affairs | Nov 10, 2022, 11:00, 'The Future of Energy' - BBJ CEO Breakfast Briefing, The Art Detective - Claudia Worthington Hess Discusses Investigative Art Appraisals, The Celebrity Effect, Fear Of Missing Out, and Responds to CBIs Marcel Proust-Inspired Personality Questionnaire, Blue Chip Art and Passion Assets - Claudia Worthington Hess Discusses Art as an Investment, Emotion in Art Acquisition, and the Phrase 'It's Easier to Buy Art Than to Sell It'. Leisure and hospitality workers saw their wages beat inflation, increasing 8.6% on an annual basis. 8.81 %. september 2022. We expect a reduction of the tightening pace to 50bp, taking the . The real salary index was 97.6% in June 2022 compared to June 2021, and 100.4% compared to May. On a monthly basis, wages grew just 0.3%. American inflation CPI. Romania's consumer price inflation (ROCPI=ECI) rose to 15.88% on the year in September from 15.32% the previous month, above expectations, data from the National Statistics Board showed on Wednesday. CEEMEA FX Outlook 2022: Treating inflation with respect. Data showed prices rose 1.33% on the month in September, with food prices up 1.72%, non-food prices up 1.28% and services up 0.72%. On a monthly basis, producer prices decreased 1.0 percent at the end of the third quarter. In August, the governor of the National Bank of Romania, Mugur Isrescu, announced that the inflation forecast for the end of this year is estimated at 13.9%, and for the end of 2023 at 7.5%. Welcome! 18 July 2022 . 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. In May 2022, the BNR estimated inflation of 12.5% for the end of this year and 6.7% for 2023. This development was mainly attributed to price movements in food items such as Cereals (Breakfast mealie meal & Roller Mealie meal); Fish (Buka Buka, Dried Kapenta; Mpulungu & Chisense) and Vegetables (Rape, Cabbage, Chinese Cabbage, Pumpkin leaves). BUCHAREST, Aug 9 (Reuters) - Romania's central bank has raised its annual inflation forecast for this year and next, but it should still be on a downward trend from the fourth quarter of. 2022 Business Publishing Services Kft. 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. The impact of these factors will only be partially counterbalanced by basic disinflationary effects expected to manifest themselves in the near future, including in the fuel segment, it was stated in the central banks press release sent after the monetary policy meeting of the Board of Directors of the National Bank of Romania (BNR) . 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 percent. Prices in the domestic market increased 62.9% annually in September and those of the foreign market rose 17.8%. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. 11/02/2022 - 03:31:00 (RTTNews) (RTTNews) - 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 showed on Wednesday. Even if prices stop increasing altogether, the inflation that has already occurred will cost the average American household $8,739 over the next 12 months. Black Sea Fund, an investment fund dedicated to accelerating small and medium-sized companies in Romania, with a capital of over 43 million euros, By RBJ The Laspeyres formula is generally used. The increase in annual inflation was mainly attributed to the base effect in food items. This means that on average, prices of goods and services increased by 9.9 percent between September 2021 and September 2022 (see Figure 3). Producing journalism that is worthy of the name is a costly business. CSI used BLS estimates of the consumer price index for each cost category from 2015 to September 2022 and estimated the cost of raising a child born in 2022 from birth to age 18 to be $303,444, which is a 23.6% increase ($57,984) over its value in 2015. Romania PPI Inflation Eases in September. 03:51. 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. Oct. 13, 2022, 12:37 PM UTC. The IT industry in Romania exceeded the value of 9 billion euros; in the next two years it will reach 12 million euros, Black Sea Fund strengthens its team by appointing Andrei Popovici and Iulian Portas to the Investment Committee, MedLife and NN are launching NNCare group health insurance, an integrated solution for employee healthcare, The Spanish group Iberdrola sells wind farms in Romania and Hungary, The Central Bank of Romania has decided to increase the monetary policy rate to 6.75% from 6.25% of 9 November 2022, SeedBlink, the European co-investment platform, gets licensed under the ECSPR, The TOKERO community aims to reach 1 million customers. 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 percent. The increase in annual inflation was mainly attributed to the base effect in food items. Core consumer prices in Romania increased 6.50 percent in September of 2022 over the same month in the previous year. 13 July 2022 Andrei Chirileasa Reddit Romania's headline inflation increased to nearly 15.1% YoY in June from 14.5% in May, after the consumer prices rose by 0.8% in June, the statistics. This page provides - Romania Core Inflation Rate- actual values, historical data . Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). The IT market in Romania exceeded the value of 9 billion euros, and in the next two years By RBJ The industrial destructuring of Romania is increasingly evident, especially since its integration into the European Union. ET. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. or its affiliated companies. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). Romania inflation rate for 2021 was 5.05%, a 2.42% increase from 2020. This means that on average, prices of goods and services increased by 9.9 percent between September 2021 and September 2022 (see Figure 3). September consumer price index report shows inflation rate hit 8.2%. Annual food inflation for September 2022 was recorded at 12.1 percent from 11.3 percent in August 2022 (see Figure 4). Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. The World Inflation Rate The average inflation rate around the world is 7.4%. Does the Romanian economy have to produce only a trade deficit. The median forecast of a Reuters poll of analysts put Romanian inflation at 15.20% year-on-year, above the central bank's 1.5%-3.5% target. September's result marked the highest inflation rate since September 2003. your username. Romania: September's inflation rate comes in at highest level since September 2003 October 12, 2022 Inflation came in at 15.9% in September, up from August's 15.3%. Gas has seen the steepest. The average rate of change in consumer prices in the last 12 months (October 2021 September 2022) compared to the previous 12 months (October 2020 September 2021) determined on the basis of the IAPC is 10.2%, the INS press release states. This outturn was mainly attributed to decreases in prices of non-food items such as Fuels & lubricants (Diesel, Petrol, Engine oil), Purchase of Motor Vehicles and Air fare. The PM of Romania, Nicolae Ciuc, announced that the two new reactors at Cernavod will be built by By RBJ Consumer Price Index in Romania remained unchanged at 101 index points in September 2022. 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. During the observation period from 1991 to 2021, the average inflation rate was 45.5% per year. We would like to offer that same opportunity to our readers. By RBJ Among the main industrial groups, prices for energy grew the most, by 130.7 percent yearly in September, followed by intermediate goods with a 21.3 percent rise. High prices for food, shelter and medical care sent the consumer price index for . september 2022. Wage Growth, August 2022. The IT market in Romania exceeded the value of 9 billion euros, and in the next two years it could reach over 12 By RBJ For more information and our disclaimer, click here. The median forecast of a Reuters poll of analysts put Romanian inflation at 15.20% year-on-year, above the central bank's 1.5%-3.5% target. Log into your account. The September reading of the Labor Department's Consumer Price Index, a closely watched measure of the costs of goods and services, showed a 0.4% increase compared to August more than. The annual non-food inflation for September 2022 was recorded at 7.2 percent from 7.8 percent in August 2022. This means that on average, prices of goods and services increased by 9.9 percent between September 2021 and September 2022. was mainly attributed to the base effect in food items. Black Sea Fund, an investment fund dedicated to accelerating small and medium-sized companies in Romania, with a capital You have entered an incorrect email address! Save my name, email, and website in this browser for the next time I comment. Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. The inflation rate for consumer prices in Romania moved over the past 30 years between -1.5% and 255.2%. The average net salary was still ahead of the inflation in February of this year. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions. Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation Basically, a basket of goods that. Economists had expected an 8.1% annual increase. Looking at the details of the release, price pressures for food items increased in August. Consumer prices in September 2022, compared to the previous month, increased by 1.3%, and the inflation rate since the beginning of the year (September 2022 compared to December 2021) is 13.1%. Historical Data (index points) by years Data Period Date Historical Chart by presidents (index points) Klaus Iohannis (RTTNews) - 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 showed on Wednesday. The first had. UNDPUNFPAUNECAUNICEFUSAIDSDGCACDCIAPRIAfrica Development BankThe World Bank, Ministry of Finance & National PlanningMinistry of JusticeMinistry of Labor & Social SecurityMinistry of Technology & ScienceMinistry of AgricultureMinistry of HealthMinistry of EducationMiMinistry of TourismMinistry of Lands & Natural ResourcesMinistry of Water Development, Sanitation & Environmental ProtectionMinistry of Foreign Affairs & International CooperationMinister of Commerce, Trade & IndustryMinistry of Fisheries & LivestockMinistry of GenderMinistry of Home Affairs and Internal SecurityMinistry of Community Development & Social ServicesMinistry of Infrastructure ,Housing & Urban DevelopmentMinistry of Local Government & Rural Develoment, Copyright 2022 Zambia Statistics Agency. All rights reserved. Prices have been rising since December 2020. The pick-up was largely driven by rebounding price pressures for non-food goods. 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 24.1 percent. Overall, the price increase was 570,492.55%. Prices for capital goods advanced 10.4%. Plus500. Data published Monthly by National Statistical Institute. The first foreign country will be France, Mastercard to bring crypto trading capabilities to banks. In the meeting held today, based on the currently available data and assessments, as well as in light of the very elevated uncertainty, By RBJ Romania's consumer price inflation (ROCPI=ECI) rose to 15.88% on the year in September from 15.32% the previous month, above expectations, data from the National Statistics Board showed on Wednesday. An item that cost 100 leus in 1991 costs 570,592 . Prices have been rising since December 2020. If you continue to use this site we will assume that you are happy with it. It will offer the rate of inflation over the 12 months ended September 2022. For 2021, an inflation rate of 5.1% was calculated. The average rate of change in consumer prices in the last 12 months (October 2021 September 2022) compared to the previous 12 months (October 2020 September 2021) is 11.8%. Producer prices climbed 46.7 percent year-on-year in September, slower than the 53.0 percent surge in August. 3 min read. The annual inflation rate for the United States is 8.3% for the 12 months ended August 2022 after rising 8.5% previously, according to U.S. Labor Department data published Sept. 13. Romania's inflation stays above central bank's expectations, at nearly 16% in September 13 October 2022 Iulian Ernst Facebook Reddit Consumer prices rose by another 1.3% in September,. SeedBlink, the co-investment platform for European startups, has received license from the Romanian Financial Supervisory Authority (ASF) as a provider of crowdfunding services By RBJ TOKERO is one of the most preferred cryptocurrency exchanges in Romania. Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). 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. On a monthly comparison basis, producer prices decreased 1% in September. . The annual U.S. inflation rate was little changed last month, hitting 8.2% year over year compared with August's 8.3% reading as the pace of price increases remains at multidecade highs, causing pain for many households. Wage growth has decelerated slightly, averaging 5.2% year-over-year for the past 3 months. In 2021, the inflation rate was 8.2%, the . In this article, we will look at global inflation rates by country and inflation around the world. Insurers Paid out Nearly HUF 40 bln for Drought Damage, Tech and Industry Minister Palkovics Resigns - Report, Financial Profit Lifts Masterplast Earnings in Q3. Consumer prices in August 2022 increased by 0.6% on a monthly basis. Romania: Inflation comes in at highest level since October 2003 in August September 12, 2022 Inflation increased to 15.3% in August, above July's 15.0%. Producer prices climbed 46.7 percent year-on-year in September, slower than the 53.0 percent surge in August. The consumer price index, a key inflation barometer, jumped by 8.2% in September relative to a year earlier. Inflation in Metro Phoenix was 0.8% between June and August and 13.0% over the Last 12 Months - August '21 through August '22 - (BLS CPI Survey) Inflation's impact on what we buy Since 2020, due to inflation, Phoenix households would have had to spend $9,800 more over the past 20 months to buy the same things By Rob Wile.

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