Food prices grew by 10.3%, services prices climbed 12.1%, while prices of non-food items were 6.6% higher in September 2023 compared to September 2022.     

The highest food prices in September 2023 compared to September 2022 were recorded by margarine (+17.2%), fish (+17.6%), bakery products (16.5%), while the edible oil and flour saw price decreases of 23.5% and 16.26%, respectively.

In terms of services, the highest price increases in September 2023 compared to September 2022 were recorded by water supply, sewage collection and sanitation (+20.8%), and plane tickets (24.3%).

The highest price hikes in non-food items in September 2023 compared to September 2022 were recorded by heat energy (+23.8%), detergents (+23.6%), and medicines (+15.16%), while electricity saw a 8% price decline.

The consumer price index in September 2023 compared to August 2023 is 0.79%

The inflation rate since the beginning of the year (September 2023 compared to December 2022) is 5.7%.

The average rate of change in consumer prices over the last 12 months (October 2022-September 2023) as compared to the previous 12 months (October 2021-September 2022) is 12.6%.

Romania’s annual inflation returned to single-digit territory in July 2023, decreasing below the 10% threshold and reaching 9.4% compared to July 2022.