EU annual inflation rate dropped in September to 2.1% from 2.4% in August, but Romania is the country with the highest inflation rate in EU for the seventh month in a row and an annual price growth of 4.8%, according to data released by Eurostat on Thursday. In September, EU member states with the lowest annual inflation rate were Ireland (0%), Lithuania (0.4%), Slovenia and Italy (borht with 0.7%). At the opposite pole the EU member states with the highest inflation rates were Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared to August 2024 data, the annula inflation rate dropped in 20 member states, Romania included, from 5.3% to 4.8% , remained stable in 2 countries and went up in 5 member states. In the euro zone, the annual inflation rate dropped from 2.2% in August to 1.7% in September. Also, Eurostat sata show that core inflation dropped slightly from 2.8% to 2.7%. Another indicator which, besides prices for energy and food, excludes prices for cigarettes and alcohol, dropped slightly from 2.8% to 2.7%. Core inflation is the indicator attentively monitored by CEB in elaborating its monetary policy decisions. In Romania's case, the National Statistics Institute (INS) informed last week, that the annual inflation rate went down to 4.62% in September 2024 from 5.1% in August, in conditions in which food prices went up by 4.72%, non food by 3.3% and services by 7.88%. “Consumer price prices in September 2024 against August 2024 was 100.33%. The inflation rate at the beginning of the year (September 2024 compared to December 2023) was 3.8%. The annual inflation rate in September 2024 compared to September 2023 was 4.6%. The average rate of consume price change in the last 12 mo ths (October 2023-September 2024) against the previous 12 months (October 2022- September 2023) was 6.1%, INS informs. According to the mentioned source, the consumer price index in September 2024 compared to August 2024 was 100.40%. The annual inflation rate in September 2024 compared to September 2023 calculated based on the consumer price index was 4.8%. The average rate of consumer price changes in the last 12 months (October 2023-September 2024) against the previous 12 months (October 2022 -September 2023) was 5.4%. The National Bank of Romania (BNR) reviewed as dropping the inflation prognosis for the end of 2024 from 4.9% to 4%and anticipates it will reach 3.4% at the end of 2025, according to data presented in August by BNR governor Mugur Isarescu. According to the presentation, the tendency of dropping inflation rate will continue , but the disinflation rate is anticipated to slow down visibly. “The trajectory is marked by variations, induced by basic effects associated to past evolutions: indirect tax increases in January 2024 with favorable effect in January 2025; corrections of natural gas prices and those of vegetables, fruit, eggs in quarter 2, 2024, with unfavorable effect in quarter 2, 2025; fuel excise increase in July 2024 with favorable effect in July 2025,” the quarterly report on inflation shows.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
