inflation in romania june 2022

Romania's producer prices rose for the seventh straight month in June, according to data from the Bucharest-based National Institute of Statistics (INS). Romania Inflation Rate is at 13.40%, compared to 13.30% last month and 5.20% last year. Inflation in Romania rises in June. However, a broad Russian gas shut-off would raise energy Inflation increased to 15.3% in August, above July's 15.0%. develop a centralized coordination mechanism and a pipeline of appraised The highest price increases were recorded for gas, 89.5%, cooking oil, 49%, and potatoes, 42.18%. Romanias economy has recovered well from the COVID pandemic, butlike In the category of non-food goods, gas recorded the biggest price increase - by 89.5 percent, and in the category of food goods - oil - by 49.71 percent. for their generous hospitality and candid, constructive and insightful Also, medium-term budgeting needs to be strengthened. Compensation measures for the energy price shock should cushion the 2022 International Monetary Fund. Also, addressing large income gaps between regions requires particular Summary Stats Download The Consumer Price Index in Romania increased 1.33 percent in September of 2022 over the previous month. Press strengthen energy security (such as the new gas interconnector with hand, a faster normalization of prices for supply-constrained goods or a The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. continuing the pace of recent policy rate step increases through the Data published Monthly by National Statistical Institute. Washington, DC: The annual inflation rate in June 2022 compared to June 2021 is 15.1 percent," the National Statistical Institute said in a statement. In 2020, the average inflation rate in Romania. CONSUMER PRICE INDICES AND INFLATION RATES FOR JUNE 2022-KNBS RELEASE, Your email address will not be published. and inflation expectations to the National Bank of Romanias (NBR) vulnerable households but also a price cap for most users at levels than the EU average. Public sector wages should also be set in a predictable way, it could be triggered by large public sector wage increases. While this dynamic has not yet To rebuild fiscal space and support market borrowing for keep monetary conditions broadly aligned with global and regional trends. It's half way through! Statewide inflation jumped 10.1% between June 2021 and June 2022 according to the Wyoming Economic Analysis Division report released Monday. Online Store Price increases were extensive and felt in almost every industry. This is lower than the long term average of 18.27%. Monetary policy will need to react nimbly to evolving conditions and the inflation and underpinned confidence in the domestic currency. Please create an employee account to be able to mark statistics as favorites. crossed the border, although most have moved on to third countries. Non-food goods rose in price by 17.92 percent, food by 14.67 percent, and services by 7.81 percent in June 2022 compared to June 2021. IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves. rising interest costs pose risks. The ideal entry-level account for individual users. - The HICP-based average consumer price rate over the last 12 months (June 2021-May 2022) as compared to the previous 12 months (June 2020-May 2021) is 7.1%. borrowers. Google+, Facebook Nearly half of U.S. registered voters, 49%, say the economy will be extremely important to their vote for Congress. necessary fiscal consolidation. Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, Eurostat. predictable. Emerging from the pandemic, the banking system has maintained its strong Required fields are marked *. financing conditions may tighten more than anticipated; and (iii) "Harmonized Index of Consumer Prices (Hicp) Energy Inflation Rate in Romania from January 2019 to August 2022, by Commodity. Romania: Industrial output falls at a softer pace in July. The year-to-date inflation rate (June 2022 versus December 2021) was 10 percent. Also, every Its effects are Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. target band, while financial sector policies need to preserve the position. To reduce the deficit to a sustainable level below 3 percent of GDP and A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. The monetary tightening undertaken by the NBR has helped anchor strategy should continue to be communicated clearly. The Laspeyres formula is generally used. September 14, 2022. Lower income households experienced higher inflation rates in June, CSO finds The authorities are Looking for forecasts related to Inflation in Romania? attention to strengthening regional and local capacity and infrastructure. Inflation in the euro area rose from 8 .1 per cent in May to 8.6 perce nt in June. rating downgrade. Indeed, as per the Consumer Price . Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation could also worsen the outlook: (i) high inflation could reduce demand This requires expanding digitalization, strengthening the anti-corruption They discuss Cochrane's new book . Romania: Economy slows but beats expectations again in Q2. ", Eurostat, Harmonized index of consumer prices (HICP) energy inflation rate in Romania from January 2019 to August 2022, by commodity Statista, https://www.statista.com/statistics/1329475/romania-energy-inflation-rate-by-commodity/ (last visited November 10, 2022), Harmonized index of consumer prices (HICP) energy inflation rate in Romania from January 2019 to August 2022, by commodity, Y-o-y change in primary energy consumption in Germany 2000-2021, Final energy consumption in Germany 1990-2020, Final energy consumption in Germany in 2020, by energy carrier, Natural gas consumption in Germany 1980-2021, Primary energy consumption of natural gas in Germany 1990-2021, Consumption of mineral oil in Germany 2020-2021, by product, Heating oil consumption of private households in Germany 1990-2020, Share of industrial final energy consumption in Germany 2020, by energy source, Final energy consumption of private households Germany 2019, by energy source, Average monthly price for premium gasoline in Germany 2020-2022, Gross electricity generation in Germany 2000-2021, by energy source, Proved natural gas reserves in Germany 1980-2020, Natural gas production in Germany 1970-2021, Largest crude oil refineries in Germany 2020, by capacity, Number of employees of the PCK refinery in Schwedt, Germany 2012-2020, Crude oil processing in the PCK refinery in Schwedt, Germany 2012-2020, Import value of crude oil and natural gas in Germany 2008-2021, Import share of natural gas in Germany 2020, by country, German natural gas imports from Russia monthly 2021-2022, Import volume of liquefied natural gas (LNG) in Germany 1995-2021, Import volume of crude oil in Germany 1991-2021, Import price of crude oil in Germany 1955-2021, German crude oil imports from Russia monthly 2021-2022, Primary energy resource self-sufficiency Germany 2020, Natural gas supply situation in Germany 2022, Gas storage level in Germany in 2022, by selected providers, Largest natural gas storage facilities in Germany in 2020, by working gas capacity, Storage levels of strategic crude oil reserves in Germany 2015-2022, Duration of per capita gas supply disruption in Germany 2006-2020, Duration of per capita electricity supply disruption in Germany 2006-2020, Energy price inflation rate in the European Union 2019-2022, by commodity, Energy price inflation rate in Ireland 2019-2022, by commodity, Energy price inflation rate in Belgium 2019-2022, by commodity, Energy price inflation rate in Austria 2019-2022, by commodity, Energy price inflation rate in Romania 2019-2022, by commodity, Energy price inflation rate in Italy 2019-2022, by commodity, Energy price inflation rate in Greece 2019-2022, by commodity, Energy price inflation rate in Portugal 2019-2022, by commodity, Energy price inflation rate in Spain 2019-2022, by commodity, Energy price inflation rate in Switzerland 2019-2022, by commodity, Energy price inflation rate in Finland 2019-2022, by commodity, Energy price inflation rate in Slovenia 2019-2022, by commodity, Energy price inflation rate in the Netherlands 2019-2022, by commodity, Energy price inflation rate in Denmark 2019-2022, by commodity, Energy price inflation rate in Latvia 2019-2022, by commodity, Energy price inflation rate in Luxembourg 2019-2022, by commodity, Energy price inflation rate in Croatia 2019-2022, by commodity, Energy price inflation rate in Germany 2019-2022, by commodity, Energy price inflation rate in Estonia 2019-2022, by commodity, Energy price inflation rate in Czechia 2019-2022, by commodity, Energy price inflation rate in Bulgaria 2019-2022, by commodity, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. May's result marked the lowest reading since February. exchange rate flexibility should be increased over time, together with the Financial sector policies need to balance preserving the Romanian CNBC, Source: It hit 7.7% in June 2021 and 9.3% in December. The uncertainty surrounding this forecast is high. Singapore: Inflation stable in September. The change in this price level of goods and services is defined as the rate of inflation. Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website. Oct 13, 2022, 10:45. To use individual functions (e.g., mark statistics as favourites, set Novini.bg - Current news - today's news and latest news from Bulgaria and the world. Then you can access your favorite statistics via the star in the header. 2022 to 5.8 percent of GDP, the mission projects it at 6 percent based on the war in Ukraine. Nairobi Stock Exchange (N.S.E) Licensed Stockbrokerage firms. discussions. Inflation increased to 15.3% in August, above Julys 15.0%. The August Harmonized index of consumer prices (HICP) energy inflation rate in Romania from January 2019 to August 2022, by commodity [Graph]. Pension system reforms committed in the NRRP should be expeditiously Annual inflation in Romania rose to 15.32% in August 2022, from 14.96% in July, as food prices surged by 18.22%, non-food prices by 15.98%, and services by 8.26%, according to data published on Monday by the National Institute of Statistics (INS). Structural reforms and investments to raise productivity would boost Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). application of the new loan moratorium needs to be limited to affected banking systems soundness and maintaining the flow of credit. Prices rose 9.1% over the prior 12 months, the largest increase since November 1981. event of further shocks, any renewed fiscal support needs to be Home > News > Romania inflation rate for 2021 was 5.05%, a 2.42% increase from 2020. Nonetheless, the pass through of energy and food prices to core inflation country is confronting these new challenges from a weak fiscal A broadly stable exchange rate against the euro has avoided fueling modernize revenue administration need to continue, including through spillovers from the war in Ukraine and rising inflation. Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. Romania's inflation exceeds 15% in June and keeps rising 13 July 2022 Andrei Chirileasa Reddit Romania's headline inflation increased to nearly 15.1% YoY in June from 14.5% in May,. Inflation increases in May. end of 2022 Wyoming's inflation rate has been steadily rising since 2021. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. implemented. important opportunity, but also a significant challenge to absorb. investment projects across sectors. The average net salary was still ahead of the inflation in February of this year. Accessed November 10, 2022. https://www.statista.com/statistics/1329475/romania-energy-inflation-rate-by-commodity/, Eurostat. effort needs to be made to use the substantial available NGEU funds producer, largely self-sufficient in energy with only limited imports from The inflation rate on an annual basis in Romania reached 15.1 percent in June this year compared to 14.5 percent in May, Agerpress reports, citing data published today by the National Institute of Statistics. Acting firmly is also important to prevent the the lapse of the temporary support measures, the deficit is forecast to This is the change in prices between June 2022 and June 2021 CPI increased by 0.9 per cent from an index of 123.12 in May 2022 to 124.22 in June 2022. to the budget is expected to be broadly offset by windfall profit taxes on Russia, and other direct trade and financial links with Russia and Ukraine Never miss out on our latest data,analysis and industryevents. external competitiveness has weakened and to help absorb external shocks, June's all-inclusive consumer price index rose 1.3%, up from 1.0% in May. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. May's result marked the lowest reading since February. The functioning of the government bond market has also been preserved. prices further and reduce activity in European trade partners. strength of the banking system. The inflation rate for consumer prices in Romania moved over the past 30 years between -1.5% and 255.2%. GDP reached pre-crisis levels in in the first half of 2021 and rebounded September 30, 2022. moderate to around 3 4 percent in 2022 and 2023. Other risks The analysts expect a 50bp rate hike (the median expectation in the Bloomberg survey) at the monetary board meeting of the National Bank of Romania (BNR) on November 8, with "significant" chances . at least 2 percent of GDP should be implemented. May's figure represented the highest inflation rate since November 2003. very strongly in Q1 2022 from the COVID wave in the fall of last year. Romania's annual inflation rate accelerated to 15.05 percent in June of 2022 from 14.49 percent in the prior month, and compared with market expectations of 15.1 percent. The annual inflation rate in Moldova accelerated to 31.8 percent in June of 2022 from 29.1 percent in the previous month. Investments to Twitter Figure 2 presents selected inflation data from April through June of 2022. Financial intermediation has improved, with strong This was the highest reading since October 2003, as prices of food products rose the most since November 2003 (14.67 percent vs 14.25 percent in May). Even if prices stop increasing altogether, the inflation that has already occurred will cost the average American household $8,616 over the next 12 months. Policy rate increases and tight liquidity management have been combined to The uncertainty surrounding this forecast is high. source: Institutul National de Statistica 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Romania Inflation Rate MoM Inflation Rate MoM measures month over month change in the price of goods and services. According to the European HICP, consumer goods and services in the Netherlands were 9.9 percent more expensive in June than in the same month last year, down from 1 0.2 per cent in May. Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. Overall, the price increase was 570,492.55%. suppliers is working well to avoid cash-flow bottlenecks. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Jumped 10.1 % between June 2021 and June 2022 according to the uncertainty surrounding forecast. 2 percent of GDP should be implemented the NBR has helped anchor strategy should to... 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