In July, inflation upsurge was driven by rising prices for food and services, with increases of 7.67% and 7.33%, respectively, while non-food items posted an 8.18% advance, in line with data the country’s statistics body INS published on Tuesday, August 12.
Against June 2025, consumers prices went up by 2.68% in July.
The inflation rate since the start of the year (July 2025-December 2024) stands at 5.8%.
The average rate of change in consumer prices over the last 12 months (August 2024-July 2025) from the previous 12 months (August 2023-July 2024) reached 5.3%.
The HICP-based annual inflation rate in July 2025 compared to July 2024 was 6.6%.
The HICP-based average rate of change in consumer prices over the last 12 months (August 2024-July 2025) compared to the previous 12 months (August 2023-July 2024) was 5.4%.
In terms of food prices, fruit prices rose the most, by 39.4%, followed by vegetables and canned vegetables, with almost 16%, as well as cocoa and coffee, with 14.2%.
Instead, sugar became 3.08% cheaper.
As regards services, the biggest price increases in annual terms were registered for CFR tickets, 16.9%, hygiene and cosmetics, with 14.06%, followed by water, sewage and sanitation, postal services, car repair and healthcare, with 10-12%.
Among commodities, heat energy comes first, with an almost 63% plus.
According to the forecast included in the central bank’s latest report, the annual inflation rate will surge markedly in 2025 Q3, under the transitory impact of the expiry of the electricity price capping scheme and the increase in VAT rates and excise duties starting 1 August, while in the following three quarters it will come down relatively slowly, on a fluctuating path considerably higher than that in the previous projection.
(English version by Catalina Apostoiu)