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Romania’s annual inflation rate decreased to 7.8% in November


Romania‘s National Institute for Statistics (INS) announced on Monday that the country’s annual inflation rate dropped to 7.8% in November 2021, from 7.9% in October, according to Agerpres.

INS stated that non-food items increased by 10.49%, food items by 6.10% and services by 4.09%.

„The Consumer Price Index [CPI] in November 2021 compared to the month of October 2021 is 100%. The inflation rate since the beginning of the year (November 2021 compared to December 2020) is 7.4%. The average rate of consumer prices in the past 12 months compared to the previous 12 months (December 2019 – December 2020) is 4.5%,” said INS in a press release.

The Harmonized Consumer Price Index in November 2021 compared to October 2021 is 100.26%.

The annual rate of CPI inflation is projected at the value of 7.5% in December 2021 and is forecast to decrease to 5.9% by the end of next year, according to the National Bank of Romania’s (BNR) report on inflation.

BNR mentioned that compared to the report in August the new projection is higher by 1.9 percentage points for the end of the current year and by 2.5 percentage points for the end of next year.