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Romania's inflation rises further in January, industrial production up in Dec

Figures

Photo by Albert Zoltan / Shutterstock.com

Romania's consumer price index (CPI) rose 3% year-on-year in January, following a 2.1% increase in December, figures from the National Institute of Statistics (INS) showed on Friday.

The latest inflation was the highest since March, when it was 3.1%. Prices of non-food products grew 3.25% and those of food products rose by 2.88% in January.

Services cost increased by 2.51%. On a monthly basis, consumer prices rose 1.33% in January. Separate data from the Bucharest-based statistics agency showed that industrial production increased a seasonally and working-day adjusted 0.9% month-on-month in December. Production in manufacturing increased 0.5% monthly in December and mining and quarrying output rose 3.4%.

Production of electricity grew 0.4%. On an annual basis, industrial production gained 1.6% in December. On an unadjusted basis, industrial production declined 8.8% monthly in December and rose 2.6% from a year ago. 

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