The annual inflation rate fell to 7.23% in February 2024, from 7.41% in January, as food prices rose 4.48%, non-food prices 7.82% and services cost increased 11%, according to data the National Institute of Statistics (INS) published on Wednesday."The consumer price index in February 2024 compared to January 2024 was 100.81%. The inflation rate since the beginning of the year (February 2024 compared to December 2023) stood at 1.9%. The annual inflation rate in February 2024 compared to February 2023 was 7.2%. The average rate of change in consumer prices in the last 12 months (March 2023 - February 2024) compared to the previous 12 months (March 2022 - February 2023) was 9.1%," the INS release said.According to the quoted source, the harmonised index of consumer prices in February 2024 compared to January 2024 was 100,78%. The annual inflation rate in February 2024 compared to February 2023 calculated on the basis of the harmonised index of consumer prices (HICP) accounted for 7.1%. The average rate of change in consumer prices in the last 12 months (March 2023 - February 2024) compared to the previous 12 months (March 2022 - February 2023) determined on the basis of the HICP stood at 8.7%.The National Bank of Romania (BNR) revised downwards its inflation forecast for the end of this year to 4.7%, from 4.8% in November, and expects it to reach 3.5% by the end of 2025, according to data BNR Governor Mugur Isarescu presented in February.The forecast trend was revised downwards for 2024, in the context of more favourable developments in the indicator in the recent period, especially in the food segment.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
