Food prices grew 3.8%, service prices grew 2.7%, while prices of non-food items grew just 0.78% on the year in November 2020.
Compared with October 2020, consumer prices inched up 0.13% in November, with food prices growing by 0.1%, prices of non-food items by 0.2% and services prices by 0.07%.
The annual rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 1.7%.
The average consumer price rate based on the CPI over the last 12 months (December 2019-November 2020) as compared to the previous 12 months (December 2018-November 2019) is 2.8%.
The average rate based on the HICP is 2.5%.
In the last eleven months, the highest price increases were recorded by beans (17%), postal services (12%), cigarettes (7%), fruit (6%), bread (5%), edible oil (5%), canned products (5.4%), cheese (5%), cosmetics and personal care products (5%). Compared with December 2019, prices of potatoes fell 30%, prices of fuel and plane tickets dropped nearly 10% and natural gas prices decreased 2%.
Romania’s national strategy and forecast commission sees the country’s inflation at 2.2% at the end of 2020 and 2.5% at the end of 2021.
Romania’s central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inflation Report.