Romania PPI Inflation Rises Further in August
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.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
