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Romania PPI Inflation Rises Further in August

Analysis

Photo by Albert Zoltan / Shutterstock.com

Romania's producer price inflation accelerated for the third straight month in August, data from the National Institute of Statistics (INS) showed on Tuesday.

Producer prices surged 53% year-on-year in August, following a 52.3% increase in July, according to the Bucharest-based statistics agency. Prices have been rising since December 2020.

Prices in the domestic market increased 70.82% annually in August and those of the foreign market rose 22%.

Among the main industrial groups, prices for energy grew the most, by 158.13% annually in August, followed by intermediate goods with a 24.6% rise.

On a monthly basis, producer prices increased 1.9% in August.

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