Romania producer price inflation slows in October
Photo by Vlad Ispas / Shutterstock.com
Romania producer price inflation eased to the lowest level in nearly two-and-a-half years in October, data from the National Institute of Statistics (INS) shows.
The National Institute of Statistics building in Bucharest, Romania. Photo by Vlad Ispas/Shutterstock.com
The producer price index rose 2.3% year-on-year in October, after a 3.1% increase in September. The latest inflation was the lowest since June 2017, when prices increased 2.15%.
Prices for non-durable consumer goods grew 4.52% annually in October and those of capital goods, and durable consumer goods industry rose by 3.74% and 3.41%, respectively. On a monthly basis, producer prices rose 0.4% in October, the Bucharest-based INS said on Tuesday.
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