Romania PPI inflation eases further in May

Analysis

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Romania's producer price inflation eased for the second straight month in May, though it remained high overall, data from the Bucharest-based National Institute of Statistics (INS) showed on Monday.

The producer price index (PPI) climbed 46.6% year-on-year in May, slightly slower than the 47.3% rise in April. Prices have been increasing since December 2020.

Prices in the domestic market grew 59.2% annually in May and those in the non-domestic market gained 25.1%.

Among the main industrial groups, prices for energy alone jumped 129.8% in May compared to last year. Prices for intermediate goods and durable consumer goods increased by 34.4% and 17.61%, respectively.

Prices for capital goods added 10.7% and those for non-durable consumer goods rose 15.4%.

On a month-on-month basis, producer prices went up 1.5% in May, largely driven by a 4% rise in prices of intermediate goods. 

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