Romania‘s consumer prices inflation rose by 15.01% year-on-year in June, compared to 14.49% in May, the national statistical office, INS said on Tuesday, according to See News.
Food prices rose 14.67% year-on-year in June, while non-food prices added 17.92%, INS said in a statement.
Prices of services grew by 7.81%. On a monthly comparison basis, Romania’s consumer price index (CPI) rose 0.76% in June, as food prices were 0.62% higher, non-food prices rose 0.92% and prices of services were 0.54% higher.
The average consumer price inflation over the last 12 months was 7.9%, compared to the previous 12 months.
On July 6, BNR increased its monetary policy rate to 4.75% from 3.75% because of speeding inflation and war in Ukraine.
In May, the central bank raised its inflation forecast for 2022 to 12.5% from 9.6% predicted in February, way above the upper end of its target band of 1.5-3.5%, due to a fast rise in energy prices and supply-side bottlenecks amplified by the war in Ukraine.