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Financial News: Romania Inflation Accelerates Further

Romania Inflation Accelerates Further

05/11/2022 - 05:00:00 (RTTNews)

(RTTNews) - Romania's consumer price inflation accelerated for the fifth successive month in April amid rising prices for food and non-food goods, data from the National Institute of Statistics showed on Wednesday.

Consumer prices climbed 13.8 percent year-on-year in April, faster than the 10.2 percent rise in March.

Food prices grew 13.5 percent annually in April and those of non-food items surged 16.3 percent. Costs for services registered an increase of 7.1 percent.

On a monthly basis, consumer prices increased 3.7 percent at the start of the first quarter.

The EU measure of harmonized index, or HICP, climbed 11.7 percent yearly in April, following a 9.6 percent rise in March.

As compared to the previous month, the HICP rose 2.4 percent in April.

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