1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 1.3% in November 2022 from October 2022. - The inflation rate since the beginning of the year (November 2022 compared to December 2021) is 15.9%. -The annual inflation rate in November 2022 compared to November 2021 is 16.8%. - The average rate of change in consumer prices over the last 12 months (December 2021-November 2022) as compared to the previous 12 months (December 2020-November 2021) is 13.1%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation across the EU - The Harmonised Index of Consumer Prices in November 2022 compared to October 2022 is 101.24%. -The HICP-based annual inflation rate in November 2022 compared to November 2021 is 14.6%. - The HICP-based average rate of change in consumer prices over the last 12 months (December 2021-November 2022) as compared to the previous 12 months (December 2020-November 2021) is 11.4%. The annual inflation rate rose to 16.8% in November 2022, from 15.32% in October, due to the increase in the price of food products by 21.55%, non-food products by 16.17% and services by 9.51%, according to the data of the National Institute of Statistics, published on Tuesday.In November, consumer prices increased by 1.3% compared to the previous month, given that food products were more expensive by 1.54%, non-food products by 1.03% and services by 1.31%.The inflation rate since the beginning of the year (November 2022 compared to December 2021) is 15.9%, and the average rate of change in consumer prices in the last 12 months (December 2021 - November 2022) compared to the previous 12 months (December 2020 - November 2021) ) is 13.1%.The National Bank of Romania (BNR) increased the inflation forecast for the end of this year to 16.3% and estimates an inflation of 11.2% for the end of next year, according to the data presented in November by the BNR governor, Mugur Isarescu.
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
