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 second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
