The price increase of food in September brought inflation to
7.7%, a new two-month high.
Consumer prices went up by 0.56% in September against August, after
a rise of just 0.23% in August against July.
Inflation slightly exceeded analysts’ expectations, which were
based on a demand contraction following the enforcement of
austerity measures.
Analysts of UniCredit Țiriac Bank say there are still risks of the
inflation rate going up because of a continued rise of volatile
food prices and of the exchange rate. However, a significant RON
depreciation is not expected over the next few months.
In July, the first month with an increased VAT of 24%, inflation
was 2.6%.
Food prices saw the highest increase in September, by 0.82%,
following the rise in potato prices (7%), egg prices (6%) and
edible oil prices (nearly 5%).
ZF English
Inflation above expectations due to potato, eggs, and edible oil prices
The price increase of food in September brought inflation to 7.7%, a new two-month high. Consumer prices went up by 0.56% in September against August, after a rise of just 0.23% in August against July.