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Romania's annual inflation rate rises again in August

Romania's annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1 per cent.

2018-09-11 10:41:05

The annual inflation rate reacted a multi-year high of 5.4 per cent in May and June, after which it dropped to 4.6 per cent in July, according to data from the National Statistics Institute (INS).

In August, the annual inflation rate was mainly fueled by non-food prices, which recorded a 6.8 per cent advance compared to the same month of 2017. Food prices were up 4.15 per cent, on average, while service prices increased by 2.6 per cent.

Consumer prices also increased by 0.28 per cent in August compared to July as non-food prices went up 0.66 per cent and fuel prices increased by 0.13 per cent. Food prices went down by 0.17 per cent, on average, in August.



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