Romania Consumer Prices Ease Further in April

Figures

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Romania's consumer prices rose by 5.9% year-on-year in April, following a 6.6% annual increase in March, the National Institute of Statistics (INS) said on Tuesday.

The average annual inflation rate in the last 12 months was 8.1%, INS said. Food prices rose by an annual 2.07% in April, while non-food prices increased by 7.17%.

The price of services grew by 10.05%.

On a monthly basis, consumer prices advanced by 0.08%, the lowest in five months, following a 0.42% rise in the prior period. In a separate report the Bucharest-based statistics agency also said that the country's industrial production advanced 2.8% year-on-year in March, rebounding from a downwardly revised 1.6% fall in the previous month.

This marked the strongest growth in industrial production since July 2022, due to output recovered for manufacturing (3.7% vs -1.6% in February).

On a monthly basis, industrial output grew 3.9% in March, following an upwardly revised 3.3% rise in the prior month. 

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