Romania producer price inflation rises further in February
Photo by Albert Zoltan / Shutterstock.com
Romania's producer prices continued to increase at a sharp pace in February, data from the National Institute of Statistics (INS) showed on Monday.
The producer price index (PPI) increased 43.83% year-on-year in February, following a 43% rise in January.
Prices in the domestic market increased 57.61% yearly in February and those in the non-domestic market rose 20.15%. Among the main industrial groups, prices for energy accelerated 229%.
Prices for intermediate goods and capital goods increased by 30.87% and 10.78%, respectively.
Prices for durable consumer goods gained 16.68% and those for non-durable consumer goods rose 9.65%.
On a monthly basis, producer prices rose 1.60% in February.
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.