ADVERTISEMENT

Romania Inflation Rate Edges Down in June

Figures

Photo by Albert Zoltan / Shutterstock.com

Romania's annual inflation rate fell slightly to 10.25% in June from 10.64% in the previous month, data from the National Institute of Statistics (INS) on Thursday show.

Food prices jumped by 17.88%, while non-food prices added 4.84%. The prices of services grew by 11.5%. The average inflation rate over the last 12 months was 14.2%, INS said in a statement. On a monthly basis, consumer prices rose 0.4% after gaining 0.64% in May. Separate data showed that Romania's average net monthly wage rose by a real 4.6% year-on-year in May, after gaining 3.4% in April. On a monthly comparison basis, the real net wage decreased by 1.1% in May.

In nominal terms, the average net monthly wage rose by 15.7% on the year, while inching down by 0.5% on the month, to RON 4,543 (EUR 920). The highest net average wage of RON 10,478 (EUR 2,122) in May was registered in computer programming, consultancy, and related activities.

The lowest net average wage of RON 2,449 (EUR 496) was recorded in accommodation and food service activities. The Bucharest-based agency also said that Romania's industrial production dropped 5.2% on year in May, following an upwardly revised 5.0% decline in April.

It was the seventh straight month of contraction, as output continued to decrease for electricity, gas, steam & air-conditioning (-12.8% vs -5.6% in April), and manufacturing (-3.5% vs -5.4%).

By contrast, production of mining & quarrying grew faster (5.4% vs 0.4%).

On a monthly basis, industrial output shrank 0.8%, following an upwardly revised 1.2% fall in the previous month. 

Nearly Half of Hungarian Youth Weigh Living Abroad for the L... Analysis

Nearly Half of Hungarian Youth Weigh Living Abroad for the L...

Hungary Urges European Space Research Strategy EU

Hungary Urges European Space Research Strategy

Home Rental Rates in Hungary Rise 10.3% in June Residential

Home Rental Rates in Hungary Rise 10.3% in June

Optimism Persists in Tourism Sector  Tourism

Optimism Persists in Tourism Sector 

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.