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Romania's annual inflation slows to 7.2% in Feb

Mar 13, 2024, 10:20:32 AMArticle by Razvan Timpescu
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March 13 (SeeNews) - Romania’s consumer prices rose by 7.2% on the year in February, following a 7.4% annual increase in January, the statistical office, INS, said on Wednesday.

Romania's annual inflation slows to 7.2% in Feb
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The average annual inflation rate in the last 12 months was 9.1%, INS said in a data release.

Food prices rose by 4.48% year-on-year in February, while non-food prices increased by 7.82%. The price of services grew by 11%.

In February, Romania's consumer price index (CPI) increased by 0.81% compared to the previous month, with service prices rising by 0.78%, food prices growing by 0.73%, and non-food prices adding 0.89%.

Last month, Romania's central bank said it decided to keep its monetary policy rate unchanged at 7% on expectations of a slowdown in inflation.

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