The annual inflation rate slightly decreased in August this year, down to 9.43%, from 9.44% in July, in the context in which food prices rose by 11, 88%, non-food by 6.98%, and services by 11.72%, according to data released on Wednesday by the National Institute of Statistics (INS).In August, compared to July, the inflation rate was 0.54%."The inflation rate since the beginning of the year (August 2023 compared to December 2022) is 4.9%. The annual inflation rate in August 2023, compared to August 2022, is 9.4%. The average rate of change in consumer prices in the last 12 months (September 2022 - August 2023) compared to the previous 12 months (September 2021 - August 2022) is 13.2%," says the INS.According to the same source, the harmonized index of consumer prices in August 2023, compared to July 2023, is 100.78%. The annual inflation rate in August 2023, compared to August 2022, calculated based on the harmonized index of consumer prices (IAPC) is 9.3%. The average rate of change in consumer prices in the last 12 months (September 2022 - August 2023) compared to the previous 12 months (September 2021 - August 2022) determined on the basis of the HIPC is 11.8%.The National Bank of Romania (BNR) has revised upward the inflation forecast for the end of this year to 7.5%, from 7.1%, and to 4.4% for the end of 2024, according to the data presented by the Governor of the BNR (National Bank of Romania), Mugur Isarescu.According to the presentation, the basic scenario was built considering the legislation in force at the time of the projection and does not include the impact of the fiscal consolidation measures recently discussed by the authorities. The trajectory is above the one presented in the Inflation Report of May, but with a significant change being recorded only towards the end of the current year (+0.4 pp).It is also mentioned that there are wide uncertainties regarding the projected trajectory in the context of the likely adoption of the fiscal correction measures on the side of budget revenues, with a direct impact on CPI inflation (for example, increases in indirect taxes - VAT, excises).
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
