February 3, 2023
According to data from the National Institute of Statistics, Romania’s producer price inflation decreased even more in December to reach its lowest level in just over a year amid a decline in energy prices.
Following a 35.1 percent spike in November, the producer price index grew 32.8 percent year over year in December.
Since November of last year, when prices increased 32.3 percent, the most recent inflation rate was the lowest.
In December, prices on the local market rose 41.9 percent annually, while those on the international market increased 13.8 percent.
Energy costs increased the least among the major industrial sectors, at 68.9 percent annually, compared to a 75.2% increase in November.
Prices for intermediate goods and non-durable consumer items both increased by 20.5 and 16.3 percent, respectively.
Prices for capital goods increased by 9.2 percent, while those for durable consumer items increased by 14.8%.
In December, producer prices increased 0.2 percent over the previous month.
Source: RTT News
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