Romania’s National Institute for Statistics (INS) announced on Wednesday the annual inflation rate for July 2021 increased to 5% from 3.9% in June, given that non-food products were more expensive by 7.64%, services by 2.74% and foodstuffs by 2.33%, according to Agerpres.
The consumption prices in July 2021 compared to June 2021 were up 1% and the inflation rate since the beginning of the year (July 2021 compared to December 2020) increase was 4.4%.
The average consumer price rate over the last 12 months (August 2020 – July 2021) compared to the previous 12 months (August 2019 – July 2020) was 3.1%.
The Harmonised Index of Consumer Prices (HICP) in July 2021 compared to June 2021 was 100.46%.
The HICP-based annual inflation rate in July 2021 compared to July 2020 is 3.8% and the HICP-based average price rate over the past 12 months (August 2020 – July 2021) as compared to the previous 12 months (August 2019 – July 2020) is 2.5%.
The National Bank of Romania increased to 5.6% the inflation forecast for the end of this year, according to a presentation conducted on Monday by the Governor of the National Bank of Romania, Mugur Isarescu.