Food prices grew 5.3%, prices of non-food items were 0.68% higher and services prices grew 2.7% year-over-year in June 2020.
Compared with May 2020, consumer prices grew 0.08% in June, with prices of non-food items inching up 0.2%, services prices increasing by 0.3% and food prices dropping 0.38%.
The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 2.2%.
The average consumer price rate based on the CPI over the last 12 months (July 2019-June 2020) as compared to the previous 12 months (July 2018-June 2019) is 3.3%.
The average rate based on the HICP is 3.2%.
Since the beginning of 2020, the highest price increases were recorded by fresh fruit (25.88%), fruit and canned fruit (19.3%), while prices of eggs fell 4.5% and fuel prices dropped over 9%.
End-May 2020, Romania’s central bank lowered its inflation forecast to 2.8% for the end of 2020 from a previous projection of 3%. The central bank also lowered its 2021 inflation forecast to 2.5% for the end of 2021 from a previous projection of 3.2%.