Romania inflation eases in November

Figures

Romania's consumer price inflation eased for the fourth month in a row in November, figures from the National Statistical Institute (INS) showed on Friday.

The consumer price index (CPI) rose 2.1% year-on-year in November, after a 2.2% increase in October. Food prices increased 3.81% and prices of non-food goods rose 0.78%. Service costs grew 2.77%. On a month-on-month basis, consumer prices rose 0.13% in November.

Annual inflation, based on the EU measure of harmonized index of consumer prices (HICP), eased to 1.7% in November from 1.8% in the prior month. Separate data from the Bucharest-based statistical institute showed that average net monthly wage in Romania rose by a real 4.9% year-on-year in October, after rising by 5.2% in September.

On a monthly comparison basis, the real net wage was 0.5% higher in October. In nominal terms, the average net monthly wage increased by 7.3% on the year and rose 0.7% on the month in October, to RON 3,343 (EUR 686).

The highest net average wage of RON 7,674 was registered in IT-related activities, while the lowest, of RON 1,720, was recorded in the hospitality sector.

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