1. The Consumer Price Index (CPI) – inflation indicator at national level - Consumer prices were up 1.8% in October 2021 from September 2021. - The inflation rate since the beginning of the year (October 2021 compared to December 2020) is 7.4%. - The annual inflation rate in October 2021 compared to October 2020 is 7.9%. - The average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 4.1%. 2. The Harmonised Index of Consumer Prices (HICP) – inflation indicator for EU Member States - The Harmonised Index of Consumer Prices in October 2021 compared to September 2021 is 101.32%. - The HICP-based annual inflation rate in October 2021 compared to October 2020 is 6.5%. - The HICP-based average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 3.3%. The annual inflation rate rose to 7.9% in October 2021, from 6.3% in September, with prices for non-food goods rising by 11.39%, food goods prices increasing by 5.25%, and those of services by 3.96%, according to data published on Wednesday by the National Institute of Statistics (INS)."Consumer prices in October 2021 compared to September 2021, increased by 1.8%. The inflation rate at the beginning of the year (October 2021 compared to December 2020) is 7.4%. The annual inflation rate in October 2021 compared October 2020 is 7.9%. The average rate of consumer prices in the last 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) is 4.1%," reads the same press release.According to the INS, the harmonized index of consumer prices in October 2021 compared to September 2021 is 101.32%. The annual inflation rate in October 2021 compared to October 2020 calculated based on the harmonized index of consumer prices (HICP) is 6.5%.The average rate of consumer prices in the past 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) determined based on the HICP is 3.3%.The National Bank of Romania (BNR) increased its inflation forecast to 5.6% for the end of this year, according to a presentation made in August by the governor of the National Bank of Romania, Mugur Isarescu.
President Nicușor Dan stated on Monday, November 10, that Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. “Romania meets all the conditions to become an innovation and production hub in the defense industry in Southeast Europe. Why? First of all, because it has a […]
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
