Romania's annual inflation rate slightly decreased to 3.4 percent in October 2019, from 3.5 percent in September, in the context of food stuff prices increasing 4.16 percent and those of non-food goods by 2.57 percent, while the price of services recorded an advance of 4.14 percent, according to the data published by the National Institute of Statistics (INS) on Tuesday.
In October 2019, the total consumer confidence indicator increases by 1.1 percentage points in comparison with July, as for the urban population the increase is 1.0 percentage point and for the rural population - 1.6 percentage points, the National Statistical Institute (NSI) reported in a consumer survey.
The average net nominal wage stood at 3,082 lei (rd 648 euro) in September this year, up from the previous month by 38 lei (1.2pct) and the highest values were registered in information technology services activities (including activities of IT service activities) - 7,108 lei, according to data published on Thursday by the National Institute of Statistics (INS).
CFA Romania analysts estimate a depreciation of the (national currency) leu in the coming months, an average inflation rate of 3.82 percent in October 2020 and an increase in Romania's risk premium.
The National Statistics Institute on October 15 reported an increase in the prices of food and some services as at the end of September on an annual basis. On a monthly, there is a reduction.
The average annual inflation rate for the period is at 2.3%. This shows how much the Consumer Price Index has grown from September 2018 to September 2019.