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.
