Romania Inflation Climbs To 7.8%, Highest Since October 2023

Romania's consumer price inflation accelerated more-than-expected in July to the highest level in twenty-one months, data from the National Institute of Statistics showed on Tuesday.

The consumer price index, or CPI, rose 7.8 percent year-on-year in July, faster than the 5.7 percent rise in the previous month. The expected inflation rate was 6.4 percent.

Further, this was the highest inflation rate since October 2023, when prices had risen 8.0 percent.

Prices for food products grew 7.7 percent from last year, and those for non-food goods rose by 8.2 percent. Costs for services were 7.3 percent more expensive.

On a monthly basis, consumer prices moved up 2.7 percent in July.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.