Romanian Inflation Eases Further in October

Figures

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Romania's consumer price inflation eased further to 8.07% year-on-year in October from 8.83% in the previous month, data from the National Institute of Statistics (INS) showed on Monday.

This marked the lowest rate since November 2021. On an annual basis, food prices increased 8.66% in October (vs 10.36% in September), and prices for non-food goods gained 6.24% (vs 6.68%) The price of services surged 12.2% from a prior 12.1%.

On a monthly basis, consumer prices increased by 0.57% in October, easing slightly from a 0.79% rise in September.

A separate report from the Bucharest-based statistics institute showed that Romania's average net monthly wage rose by a real 5.4% year-on-year in September, following a 5.3% gain in August.

On a monthly comparison basis, the real net wage increased by 0.6% in September. In nominal terms, the average net monthly wage rose by 14.7% on the year in September, while rising by 1.4% on the month, to RON 4,593 (EUR 924). In September, the manufacture of coke and refined petroleum products sector reported the highest average net wage at RON 11,450 (EUR 2,302).

The lowest net average wage, of RON 2,524 (EUR 507), was recorded in the accommodation and food service industries.

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