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Romania’s inflation slows to 11.2% y/y in April

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Romania’s consumer prices rose by 11.23% on the year in April, following an annual increase of 14.53% in March, the national statistical office (INS) announced on Friday, according to See News.

The average inflation rate over the last 12 months was 15%, INS said in a statement.

Food prices jumped by 19.84% year-on-year in April, while non-food prices added 5.83%. The prices of services grew by 10.64%.

On a monthly comparison basis, Romania’s consumer price index (CPI) inched up by 0.75% in April, as food prices rose by 1.1%, non-food prices added 0.48% and prices of services increased by 0.77%.

On May 10, Romania’s central bank, BNR, said that it decided to keep its monetary policy rate unchanged at 7%

Photo: seenews.com