1. The Consumer Price Index (CPI) – inflation indicator at national level - Consumer prices were up 1.8% in October 2021 from September 2021. - The inflation rate since the beginning of the year (October 2021 compared to December 2020) is 7.4%. - The annual inflation rate in October 2021 compared to October 2020 is 7.9%. - The average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 4.1%. 2. The Harmonised Index of Consumer Prices (HICP) – inflation indicator for EU Member States - The Harmonised Index of Consumer Prices in October 2021 compared to September 2021 is 101.32%. - The HICP-based annual inflation rate in October 2021 compared to October 2020 is 6.5%. - The HICP-based average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 3.3%. The annual inflation rate rose to 7.9% in October 2021, from 6.3% in September, with prices for non-food goods rising by 11.39%, food goods prices increasing by 5.25%, and those of services by 3.96%, according to data published on Wednesday by the National Institute of Statistics (INS)."Consumer prices in October 2021 compared to September 2021, increased by 1.8%. The inflation rate at the beginning of the year (October 2021 compared to December 2020) is 7.4%. The annual inflation rate in October 2021 compared October 2020 is 7.9%. The average rate of consumer prices in the last 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) is 4.1%," reads the same press release.According to the INS, the harmonized index of consumer prices in October 2021 compared to September 2021 is 101.32%. The annual inflation rate in October 2021 compared to October 2020 calculated based on the harmonized index of consumer prices (HICP) is 6.5%.The average rate of consumer prices in the past 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) determined based on the HICP is 3.3%.The National Bank of Romania (BNR) increased its inflation forecast to 5.6% for the end of this year, according to a presentation made in August by the governor of the National Bank of Romania, Mugur Isarescu.
Romania still holds the highest road fatality rate in the European Union (EU), with 77 deaths per million inhabitants, despite declines of 4% in 2024 compared to the previous year and 21% compared to 2019, according to preliminary figures published by the European Commission (EC) on March 18. The EU average was 44 road deaths per […]
Salina Praid, one of Europe's largest salt mines, will host Romania’s first underground gastronomic festival, Taste of Transylvania Underground, from March 28 to 30. The event will showcase top chefs from Romania and Hungary, including Michelin-starred restaurants, in an extraordinary setting 100 meters below ground, local news agency
On March 18, InterCapital Asset Management (ICAM), the largest independent investment manager in Croatia, listed its second ETF (Exchange Traded Fund), tracking Slovenia’s main stock market index. The ETF’s full name is InterCapital SBITOP TR UCITS ETF and it trades on the Bucharest Stock Exchange (BVB) under the ticker symbol ICSLOETF, replicating the SBITOP TR […]
Bucharest Coffee Festival returns this weekend, from March 21 to 23, at Hala Laminor, bringing together coffee professionals and enthusiasts from Romania and abroad. The 2025 edition will host over 200 exhibitors, including producers, roasters, and distributors, across a 5,000-square-meter space. Attendees can explore a wide variety of specialty coffee, accessories, and brewing equipment, with […]
The National Authority for Consumer Protection in Romania, or ANPC, has put forward for public consultation an order that will require economic operators to inform consumers about the commercial markup applied to marketed products, relative to the producer's base price. In the draft order, ANPC argues that the consumer’s right to information is a fundamental […]
Romanian tax agency ANAF has put up for sale the factory of infamous disinfectant-maker Hexi Pharma. The company was involved in a major scandal regarding diluted disinfectants delivered to hospitals years ago. The controversial company, now in insolvency, has debts of RON 17.6 million to the Romanian state, and the Prosecutor's Office attached to the […]
