Romania: Inflation rate climbs to 3.23 percent, the highest since 2013

The annual inflation rate, which measures the evolution of consumer prices in the last year, climbed to 3.23% in November, the highest level since August 2013, when it reached 3.67%, according to data from the National Statistics Institute (INS).

Food products were 0.57% more expensive in November over October, while the prices of non-food products went up 0.86% month-on-month. Meanwhile, the services got 0.33% more expensive.

Eggs saw the biggest price increase in November compared to October, of almost 30%. Butter was also more expensive, its price going up by 7%, while the prices of fuel went up by 2.7%.

When compared to November 2016, the prices of food products increased by 3.88% in November this year while the non-food products got 4.12% more expensive.

 

 

 

Source: National Statistics Institute analysis.

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