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Romania’s annual inflation rate increased to 7.9% in October

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Romania‘s National Institute of Statistics (INS) announced on Wednesday that the annual inflation rate rose to 7.9% in October 2021 from 6.3% in September, according to a press release. 

“Prices for non-food goods rose by 11.39%, food goods prices increased by 5.25% and prices of services grew by 3.96%,” INS said in a statement.

INS stated that consumer prices in October 2021 compared to September 2021 increased by 1.8%. The inflation rate at the beginning of the year (October 2021 compared to December 2020) was 7.4%.

The annual inflation rate in October 2021 compared to October 2020 was 7.9% and the average rate of consumer prices in the last 12 months compared to the previous 12 months (November 2019 – October 2020) was 4.1%.

According to the INS, the harmonized index of consumer prices in October 2021 compared to September 2021 was 101.32%. The annual inflation rate in October 2021 compared to October 2020 calculated based on the harmonized index of consumer prices (HICP) was 6.5%.

The HICP-based average consumer price rate over the last 12 months as compared to the previous 12 months (November 2019-October 2020) was 3.3%