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Financial News: Romania Producer Price Inflation Lowest In 2-1/2 Years

Romania Producer Price Inflation Lowest In 2-1/2 Years

12/03/2019 - 06:41:00 (RTTNews)

(RTTNews) - Romania producer price inflation eased to the lowest level in nearly two-and-a-half years in October, data from the National Institute of Statistics showed on Tuesday.

The producer price index rose 2.30 percent year-on-year in October, after a 3.10 percent increase in September.

The latest inflation was the lowest since June 2017, when prices increased 2.15 percent.

Prices for non-durable consumer goods grew 4.52 percent annually in October and those of capital goods, and durable consumer goods industry rose by 3.74 percent and 3.41 percent, respectively.

On a month-on-month basis, producer prices rose 0.4 percent in October.

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