Consumer prices remained steady in November while annual inflation dropped slightly to 7.8%, the statistics office said Tuesday.
The 0.1% dip from October came after the government introduced a ‘cap and subsidy’ mechanism for household electricity and natural gas prices.
Electricity fell by 12.2% from October which offset a 1.7% increase in fuel prices.
Gas however jumped 2.3% in the past month in spite of the household cap.
Soaring fuel prices which are one-fourth more than a year ago and a 23% spike in electricity, gas and heating have fueled inflation.
Energy prices have had a knock-on effect on food. Sugar and maize rose by at least 10% and cooking oils were 28% more expensive,
Romania’s central bank expects inflation to peak at 8.6% in 2022.
The temporary energy bill subsidies will be phased out at the end of the winter season.
