The country’s annual inflation rate stood at 15% in July 2022 and to 15.05% in June 2022.
Food prices grew by 18.22%, services prices climbed 8.26%, while prices of non-food items were 15.9% higher in August 2022 compared with August 2021.
Consumer prices were up 0.6% in August 2022 compared to July 2022 after food prices grew by 1.82%, services prices edged up 0.37% and prices of non-food items inched up 0.19%.
The highest price increases in August 2022 compared with August 2021 were recorded by natural gas (+70.64%), fuel (+31.48%), heat energy (+22.98%) and electricity (+16.37%).
The highest food prices were recorded by potatoes (+54.3%), edible oil (+49.6%), flour (+34.2%), maize flour (+31.1%), bread (+25.2%), margarine (25.9%), eggs, butter and cheese (+20% to 22%), milk (21%), sugar (13.9%), fish (18.6%), dairy (20.6%), coffee (16.2%), meat and meat products (13.9%).
The inflation rate since the beginning of the year (August 2022 compared to December 2021) is 11.6%.
The average consumer price rate over the last 12 months (September 2021-August 2022) as compared to the previous 12 months (September 2020-August 2021) is 11%.
The Harmonised Index of Consumer Prices in August 2022 compared to July 2022 is 100.44%.
The HICP-based annual inflation rate in August 2022 compared to August 2021 is 13.3%.
The HICP-based average rate of change in consumer prices over the last 12 months (September 2021-August 2022) as compared to the previous 12 months (September 2020-August 2021) is 9.5%.
Romania’s central bank forecasts an annual inflation rate of 13.9% in December 2022, of 7.5% in December 2023 and of 2.3% in June 2024, as per the quarterly inflation report presented by central bank governor Mugur Isarescu on August 9.