The annual inflation rate dropped, in June 2024, to 4.94%, from 5.12% in May, in the conditions in which food products rose in price by 1.10%, non-food products by 6.28% , and services by 8.81%, according to the data published on Thursday by the National Institute of Statistics (INS)."The consumer price index in June 2024 compared to May 2024 was 100.24%. The inflation rate since the beginning of the year (June 2024 compared to December 2023) was 2.6%. The annual inflation rate in June 2024 compared to June 2023 it was 4.9%. The average rate of change in consumer prices in the last 12 months (July 2023 - June 2024) compared to the previous 12 months (July 2022 - June 2023) was 7.2%," reads the INS press release.According to the cited source, the Harmonised Index of Consumer Prices (HICP) in June 2024 was 100.06% as compared to May 2024. The annual inflation rate in June 2024 compared to June 2023 calculated on the basis of the HICP was 5.3%. The average rate of change in consumer prices in the last 12 months (July 2023 - June 2024) compared to the previous 12 months (July 2022 - June 2023) determined on the basis of the HIPC was 7.3%.The National Bank of Romania (BNR) revised the inflation forecast for the end of this year to 4.9%, from 4.7% previously, and anticipates that it will reach 3.5% at the end of 2025, according to the data presented last month by the governor of the BNR, Mugur Isarescu.
President Nicușor Dan, currently on holiday with his family in the Romanian mountains, appealed to Romanians to spend their holidays in the country. In a video posted on social media, he said that the most beautiful places he visited are those in Romania. “The most beautiful places I have visited with my family are those here, […]
Romania saw an increase in newly established companies that far exceeded the EU average in the second quarter of 2025, according to data published on Monday, August 18, by Eurostat. According to these data, from the first quarter to the second quarter of 2025, the largest increases in the establishment of new companies...
A new interactive map is bringing Romania’s street art scene into focus, documenting murals and urban art interventions across major cities and smaller towns. The Romanian Street Art Map highlights works from Bucharest, Cluj-Napoca, Iași, Timișoara, Sibiu, Constanța, Brașov, Craiova, Ploiești, Bacău, Reșița, and even seaside destinations such as Vama Veche, offering both locals and […]
Bucharest will see extensive traffic restrictions on August 31 as the capital hosts the fourth edition of L’Étape Romania by Tour de France. Several major boulevards and central streets will be closed between 07:00 and 14:00 to allow more than 2,500 cyclists to take part in the event, the organizers said. The closures will affect […]
BT Arena, in Romania’s Cluj-Napoca, is set to host a disco and eurodance blast from the past with internationally famous bands during the DISCOTECA ‘80-’90 event in September. Vengaboys, Blue, Mr. President, 2 Unlimited, Bonnie Tyler, Boney M with Liz Mitchell & Band, Samantha Fox, Sabrina, and others will take the stage during the third […]
Districts 2, 3, and 4 in Bucharest are without hot water as of the time of writing due to a major breakdown that occurred on Sunday, August 17, on a main pipeline of the city's public heating system. The pipeline is located in central Bucharest, at the intersection of Mihai Bravu Road with Splaiul Unirii, under […]
