Romania inflation, industrial production fall in March
Romania's consumer price inflation eased in March, data from the National Institute of Statistics (INS) showed on Tuesday.
The consumer price index (CPI) rose 3.1% year-on-year in March, after a 3.2% increase in February. Prices of non-food products grew 4.37% and those of food products rose by 1.59% in March. Services cost increased by 2.21%.
On a monthly basis, consumer prices rose 0.38% in March. Another report from the Bucharest-based agency showed that industrial production declined a seasonally and working-day adjusted 1% month-on-month in February. Production in manufacturing decreased 1.2% monthly in February.
Meanwhile, mining and quarrying output rose 0.3% and production of electricity grew 1.8%. On an annual basis, industrial production decreased 2.6% in March. On an unadjusted basis, industrial production gained 3.7% monthly in February and fell 3.1% from a year ago.
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