15.07.2024

INFLATION IN ROMANIA DECREASED FOR THE FIFTH MONTH IN A ROW

Consumer price inflation in Romania fell for the fifth consecutive month in June to the lowest level in nearly three years, according to data released today by the Romanian National Statistics Institute.

Consumer Price Index (CPI) inflation was reported at 4.9 percent year-on-year in June, up from 5.1 percent in the previous month.

It is also the lowest level of inflation since July 2021, when price growth was also recorded at 4.9 percent.

The prices of non-food goods increased in June by 6.3 percent compared to the same month last year. In May, inflation of 6.4 percent was reported for this group of products.

Services rose in price by 8.8 percent on an annual basis, although here there was a decrease compared to the previous month, when the increase was 9.3 percent.

The data also showed that food prices rose by 1.1 percent compared to June last year.

On a monthly basis in June, consumer prices in Romania increased by 0.2 percent.