The annual inflation rate fell in September to 8.8%, from 9.4% in August, as food prices rose 10.36%, non-food prices 6.68% and services costs went up 12.10%, according to data the National Institute of Statistics (INS) published on Thursday.In September, compared to August, the inflation rate was 0.79%. The monthly average inflation rate in the first nine months of this year was 0.6%."The year-to-date inflation rate (September 2023 compared to December 2022) is 5.7%. The annual inflation rate in September 2023 compared to September 2022 stands at 8.8%. The average rate of change in consumer prices in the last 12 months (October 2022 - September 2023) compared to the previous 12 months (October 2021 - September 2022) is 12.6%," the INS says.According to the quoted source, the harmonised index of consumer prices in September 2023 compared to August 2023 is 100.82%. The annual inflation rate in September 2023 compared to September 2022 calculated on the basis of the harmonised index of consumer prices (HICP) is 9.2%. The average rate of change in consumer prices in the last 12 months (October 2022 - September 2023) compared to the previous 12 months (October 2021 - September 2022) determined on the basis of the HICP is 11.4%.The National Bank of Romania (BNR) reported in early October that, according to current assessments, the annual inflation rate will continue to decline until the end of this year in line with the latest medium-term forecast (August 2023), mainly under the influence of base effects and downward corrections in the prices of some commodities, as well as under the conditions of a rich domestic harvest and the temporary capping of the trade surcharge on basic food products.In August, the BNR revised its inflation forecast upwards to 7.5% for the end of this year and to 4.4% for the end of 2024.The International Monetary Fund estimates that the inflation rate will fall from 7% to 4% at the end of 2024, but remains above the target of the National Bank of Romania.
Murillo Diosa Luis Alfonso, a Colombian man who intended to blow up strategic targets in Romania, was definitively sentenced on Monday, September 22, by the High Court of Cassation and Justice to six years in prison for attempted acts of sabotage. The Supreme Court dismissed the Colombian’s appeal, upholding the sentence handed down in June […]
Romanian real estate developer Nordis, which was embroiled in a national scandal at the beginning of the year for allegedly defrauding clients of EUR 200 million through a pyramid scheme, announced on Monday, September 22, that a new strategic investor is looking to take over its business. The investor, the Avangarde Group, is also active […]
Authorities carried out checks in several schools and hospitals in Bucharest and other cities in the country after threatening emails were received at official addresses, reportedly from abroad. Dozens of emails containing messages like “I will enter the school with two Beretta pistols,” or “I will cause a real massacre” were sent to schools and […]
Romanian filmmaker Radu Jude, one of Europe’s most acclaimed contemporary directors, has made his debut in the visual arts with the video installation Sleep #2, now on display at The Film Gallery in Paris. The show, running from September 22 to October 4, is supported by the Romanian Cultural Institute (ICR) through its Cantemir Program, […]
Romania has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for a two-year mandate covering 2025–2027, the Ministry of Foreign Affairs (MAE) announced. This marks the country’s return to the 35-member body for the first time since 2010. The vote took place on Friday, September 19, the closing day […]
Romanian car brand Dacia has launched a new utility version of its well-known Duster car, the Cargo. The new car is intended exclusively for the United Kingdom. Dacia routinely launches utility versions of its cars, and a Pick-Up version was announced last week for the Duster as well. Like the Pick-Up, the Cargo is also […]
