Romania’s annual consumer price inflation slows to 16.4% in Dec

The average consumer price inflation over the last 12 months was 13.8%, INS said in a statement.

Food prices rose by an annual 22.05%, while non-food prices recorded a 14.95% increase in December. Prices of services grew by 9.78% on the year.

On a monthly comparison basis, Romania’s consumer price index (CPI) inched up by 0.37% in December, as food prices were 1.26% higher, non-food prices decreased by 3.32% and prices of services inched up by 0.67%.

On January 10, Romania’s central bank decided to increase its monetary policy rate to 7.00% from 6.75%, in an attempt to curb inflationary pressures.