Romania Inflation Eases Further in November

Figures

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Romania's consumer price inflation eased for the third straight month in November to the lowest level in more than two years, data from the National Institute of Statistics (NSI) showed on Wednesday.

This was the lowest reading since September 2021, as prices softened for food (6.84% vs 8.66% in October), non-food products (5.08% vs 6.24%), and services (11.18% vs 12.2%).

On a monthly basis, consumer prices were almost unchanged in November, falling only fractionally by 0.01%. Separate data from the Bucharest-based statistics agency showed that industrial production in Romania fell 4.9% year-on-year in October, following an upwardly revised 4.3% decline in the previous month. It was the twelfth consecutive month of contraction, as output shrank for all sectors.

Monthly, industrial output dropped 1.2%, the first decline in four months, reversing from a downwardly revised 0.6% growth in September.

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