Romania’s consumer prices rose 16.76% on the year in November, up by almost 1.5% on the previous month, the National Statistics Office said on Tuesday.
Food prices rose by a steep 21.55%, while non-food prices leapt 16.17% increase, INS said in a statement. Service prices were up 9.51%.
On a monthly comparison basis, Romania’s consumer price index (CPI) rose 1.25% in November, as food prices were 1.54% higher, non-food prices grew by 1.03% and prices of services were 1.31% higher.
Inflation has averaged at 13.1% over the last 12 months compared to 2021.
Romania’s central bank revised upwards its inflation forecast to 16.3% from 13.9% which it forecast in August.
Supply side risks ratcheted by the war in Ukraine have caused inflation to soar globally.
Inflation has steadily increased this year, with October recording a 15.32% increase year-on-year.
