Romania’s consumer prices rose by 10.64% on the year in May, a drop from April when they increased 11.23%, the national statistical office said on Tuesday.
The average inflation rate over the last year was 14.7%, the office, INS, said in a statement.
Food prices soared by 18.73% year-on-year in May, while non-food prices went up 5.15%. The prices of services rose by 11.16%.
On May 10, Romania’s central bank, BNR, decided to keep its monetary policy rate unchanged at 7%.
High inflation has led to many people looking for extra earnings. Over 450,000 applications for part-time jobs were registered on eJobs in April, with half of the applicants aged from 18-24.
The numbers show that for many Romanians, their main job salary no longer covers the cost of living, so they are looking for ways to earn extra money.
Romanians forced to add part-time jobs in light of inflation
