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.
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
The residential market had a strong start in 2024, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, the increase was slightly higher - 19%. According to Colliers consultants, buying […]
Siemens Healthineers, the medical technology branch of the German multinational, recently launched its newest MRI scanner, the MAGNETOM Flow, during an event held in Bucharest on April 24. Featured in one of the panels during the event, Sonja Wehsely, executive vice president CEECA Siemens Healthineers, highlighted the strengths of the new scanner. Wehsely, who has […]
The Romanian General Prosecutor's Office officially announced the indictment of former president Ion Iliescu, former prime minister Petre Roman, and former deputy prime minister Gelu-Voican Voiculescu for crimes against humanity, in the case of the Mineriada (miners' riot) of June 1990. Along with the three, the former director of the Romanian Intelligence Service (SRI), Virgil […]
Uber launched its Green service in the popular mountain city of Brașov, in central Romania, on April 25, with a fleet of environmentally friendly vehicles such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. Previously, the Uber Green option was made available to residents and tourists of Cluj-Napoca in November 2023. “We […]
