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Romania Annual Inflation Slows to 9.44% in July

Figures

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Romania's consumer prices rose by 9.44% year-on-year in July, following an annual increase of 10.25% in June, the National Institute of Statistics (INS) said on Friday.

It was the lowest reading since February 2022. Food prices jumped by 16.24% (vs 17.88% in June), while non-food prices added 4.25% (vs 4.84%).

The prices of services grew by 11.65% (vs 11.5%). On a monthly basis, consumer prices advanced 0.15%, following a 0.4% increase in June.

A separate report from the Bucharest-based agency showed that the average net monthly wage in Romania rose by a real 4.9% year-on-year in June, after gaining 4.6% in May.

In nominal terms, the average net monthly wage rose by 15.7% on the year, while growing by 1.3% on the month in June, to RON 4,600 (EUR 930).

The highest net average wage of RON 10,862 (EUR 2058) in June was registered in the manufacture of coke and refined petroleum products, while the lowest net average wage of RON 2,525 (EUR 510) was paid in accommodation and food service activities.

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