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Romanian Producer Prices Drop in July

Figures

Photo by Albert Zoltan / Shutterstock.com

Romania's industrial producer prices fell by 0.88% year-on-year in July due to a strong decrease in mining, reversing from a marginally revised 3.71% rise in the prior month, the Bucharest-based National Institute of Statistics (INS) said on Monday.

It was the first decline in producer prices since November 2020. Producer prices in mining & quarrying drop by 25.81% and decreased 2.37% in the manufacturing sector.

Additionally, prices of electricity, gas, steam, & air-conditioning supply went up by 5.59% (vs. +24.1% in June), and cost for production of water supply, sewerage, waste management & remediation increased by 20.09% (vs. 20.72% in June).

On a monthly comparison basis, industrial producer prices rose by 0.56% in July rebounding from a 0.55% decrease in June.

On the domestic market, industrial producer prices increased by 0.4% year-on-year in July, while on the external market prices decreased by an annual 3.83%.

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