Romania inflation eases in November
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.
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
Viktor Orbán Meets Marine Le Pen
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
