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Industrial producer prices in Romania increased 11.8% in June 2021

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Romania’s National Institute of Statistics (INS) announced on Tuesday that the industrial producer prices for the total domestic and non-domestic market increased by 11.8% in Romania in June 2021 compared to the previous year, according to a press release.

In June 2021, industrial producer prices for the total domestic and non-domestic markets were up 2.1% from the previous month.

INS explained that the industrial producer price index for the domestic market, jumped 2.54% in June on a monthly basis and 12.36% y-o-y.

In terms of the non-domestic market, price increases were 1.24% on a monthly basis and 10.78% y-o-y.

The most important increases in industrial producer prices in June 2021 compared with June 2020 by major industrial groups were recorded in the energy industry (+ 24.07%), intermediate goods industry (+ 15.06%), durable goods industry (+ 6.28%), consumer goods industry (+ 5.31%) and capital goods industry (+ 4.01%), according to Agerpres. 

INS data show that by business sections the prices increased in the manufacturing industry by 11.27%; electricity, gas, steam, and air conditioning production and supply (+17.19%), and water supply, sanitation, waste management, decontamination activities (6.18%).

At the opposite end are the mining support service activities, which declined 5.72% in June 2021, y-o-y.