Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Eurostat: Romania among EU countries with highest inflation...

Eurostat: Romania among EU countries with highest inflation in December

February 17, 2022

The annual EU inflation rate grew in December 2021 to 5.3% , to 5.2% in November 2021, member countries with the highest rates being Estonia (12%), Lithuania (10.7%), Poland (8%), Latvia (7.9%), Hungary (7.4%) and Romania (6.7%), according to data released by Eurostat on Thursday.   The annual inflation rate grew in December 2021, compared to November 2021, in 18 member states, it dropped in another 7 states and remained stable in 2 states – France and Romania, where the annual inflation rate remained stable at 6.7%.   In the euro area, the annual inflation rate grew to a record level of 5% in December , from 4.9% in November. Compared to a year before, the inflation rate I the euro zone was minus 0.3%. For states in the euro zone, the most significant impact on the annual price increase came from energy, where a 2.46% increase was recorded, flowed by prices for services which recorded an increase of 1.02%.   Eurostat data also show that core inflation in the euro zone indicates what remains after prices for volatile goods such as energy and food are eliminated, grew by 0.4% from one month to another and by 2,4% at annual rate. Also, an indicator which besides prices for energy and food excludes prices for cigarettes, grew by 2.6% at annual rate. Core inflation is the indicator followed attentively by BCE in elaborating its monetary policy decisions.   Christine Lagarde, the president of the Central European Bank, declared on Thursday that inflation in the euro area will be stabilized and will gradually drop during 2022. “According to our December estimates, in 2022 inflation will be 3.2%”, Lagarde said.   In Romania's case, the National Statistics Institute informed that the annual inflation rate had been 8.19% in December 2021, from 7.8% in November, in conditions when, prices of non food goods went up by 10.73%, food by 6.69%, and services by 4.49%. INS pointed out that consumer price index in December 2021 compared to November 2021 was 100.51%.   The annual inflation rate in December 2021, compared to December 2020, was 6.7%. According to the latest BNR Report on inflation, released in November, the annual IPC inflation rate was 7.5% in December 2021 and is foreseen to drop to 5.9% at the end of the year.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/eurostat-romania-among-eu-countries-with-highest-inflation-in-december/95903
Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...