september 2022. Overall, the price increase was 570,492.55%. The increase in annual inflation was mainly attributed to the base effect in food items. Inflation hits 8.2% in September as rent, food prices soar 8.20 %. Oct. 13, 2022, 12:37 PM UTC. For 2021, an inflation rate of 5.1% was calculated. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. Prices for durable consumer goods and non-durable consumer goods rose by 16.7% and 19.1%, respectively. Current US Inflation Rates: 2000-2022 | US Inflation Calculator CEEMEA FX Outlook 2022: Treating inflation with respect. The average net salary was still ahead of the inflation in February of this year. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions. September's result marked the highest inflation rate since September 2003. On a monthly comparison basis, producer prices decreased 1% in September. Average net salary in Romania up 12,3% but under annual inflation Romanian inflation rises above expectations to 15.88% y/y in September We would like to invite you to help us deliver the quality business journalism you require. 3 min read. According to current assessments, the annual inflation rate will probably continue to increase towards the end of the current year, under the impact of shocks on the supply side, but at a noticeably slower pace. The average rate of change in consumer prices in the last 12 months (October 2021 September 2022) compared to the previous 12 months (October 2020 September 2021) is 11.8%. The first had. Prices in the domestic market increased 62.9 percent annually in September and those of the foreign market rose 17.8 percent. High prices for food, shelter and medical care sent the consumer price index for . Romania's inflation stays above central bank's expectations, at nearly Consumer prices in August 2022 increased by 0.6% on a monthly basis. Romania's consumer price inflation (ROCPI=ECI) rose to 15.88% on the year in September from 15.32% the previous month, above expectations, data from the National Statistics Board showed on Wednesday. The impact of these factors will only be partially counterbalanced by basic disinflationary effects expected to manifest themselves in the near future, including in the fuel segment, it was stated in the central banks press release sent after the monetary policy meeting of the Board of Directors of the National Bank of Romania (BNR) . Save my name, email, and website in this browser for the next time I comment. Data showed prices rose 1.33% on the month in September, with food prices up 1.72%, non-food prices up 1.28% and services up 0.72%. . The annual inflation rate in September 2022 compared to September 2021 calculated on the basis of the harmonized index of consumer prices (IAPC) is 13.4%. Annual food inflation for September 2022 was recorded at 12.1 percent from 11.3 percent in August 2022, Zambia 2022 Census Of Population And Housing Underway In All Parts Of The Country, Overall Monthly Inflation Rate decreased to -0.4 Percent, 2023 IAOS-ISI Conference Better Lives 2030: Mobilising the Power of Data for Africa and the World, Year-on-Year Inflation for October 2022 at 9.7 Percent, Overall Monthly Inflation Rate Increased to 0.2 Percent, Ministry of Water Development, Sanitation & Environmental Protection, Ministry of Foreign Affairs & International Cooperation, Ministry of Home Affairs and Internal Security, Ministry of Community Development & Social Services, Ministry of Infrastructure ,Housing & Urban Development, Ministry of Local Government & Rural Develoment. TOKERO is one of the most preferred cryptocurrency exchanges in Romania. Singapore: Inflation stable in September November 7, 2022 Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation In 2021, the inflation rate was 8.2%, the . Romania's producer price inflation eased to a four-month low in September, though it remained strong overall, data from the National Institute of Statistics (INS) showed on Wednesday. Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). Inflation rate for September 2022: 8.2%. CPI up by 0.4% Producer prices climbed 46.7 percent year-on-year in September, slower than the 53.0 percent surge in August. The average rate of change in consumer prices in the last 12 months (October 2021 September 2022) compared to the previous 12 months (October 2020 September 2021) determined on the basis of the IAPC is 10.2%, the INS press release states. All rights reserved. The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. Annual food inflation for September 2022 was recorded at 12.1 percent from 11.3 percent in August 2022 (see Figure 4). Romania PPI Inflation Eases in September. Does the Romanian economy have to produce only a trade deficit. Prices have been rising since December 2020. Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. Romania: Inflation comes in at highest level since October 2003 in August September 12, 2022 Inflation increased to 15.3% in August, above July's 15.0%. 2022 Business Publishing Services Kft. Prices for capital goods advanced 10.4%. During the observation period from 1991 to 2021, the average inflation rate was 45.5% per year. The PM of Romania, Nicolae Ciuc, announced that the two new reactors at Cernavod will be built by By RBJ Romania Inflation September 2022 English inflation CPI. Inflation 2022, international inflation figures from 2022 03:51. Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. Romania's 2022 inflation rate set to be highest since EU - Euractiv For more information and our disclaimer, click here. Welcome! Prices in the domestic market increased 62.9% annually in September and those of the foreign market rose 17.8%. The median forecast of a Reuters poll of analysts put Romanian inflation at 15.20% year-on-year, above the central bank's 1.5%-3.5% target. Consumer Price Index in Romania remained unchanged at 101 index points in September 2022. Consumer prices in September 2022 compared to the previous month . Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. or its affiliated companies. Gas has seen the steepest. By RBJ Producer prices climbed 46.7 percent year-on-year in September, slower than the 53.0 percent surge in August. Economists had expected an 8.1% annual increase. The Romanian crypto platform expands to international markets. Financial News: Romania PPI Inflation Eases In September Core Inflation Rate in Romania averaged 5.09 percent from 2001 until 2022, reaching an all time high of 29.70 percent in December of 2001 and a record low of -0.50 percent in December of 2016. Romania's inflation back above 15% in August | Romania Insider september 2022. Europe inflation rate by country 2022 | Statista Data published Monthly by National Statistical Institute. Prices increased 13.5 percent from January 2021 to September 2022, costing the average American household $728 last month alone. The annual inflation rate for the United States is 8.3% for the 12 months ended August 2022 after rising 8.5% previously, according to U.S. Labor Department data published Sept. 13. The By Constantin Radut This development was mainly attributed to price movements in food items such as Cereals (Breakfast mealie meal & Roller Mealie meal); Fish (Buka Buka, Dried Kapenta; Mpulungu & Chisense) and Vegetables (Rape, Cabbage, Chinese Cabbage, Pumpkin leaves). Black Sea Fund, an investment fund dedicated to accelerating small and medium-sized companies in Romania, with a capital You have entered an incorrect email address! Romania Core Inflation Rate - October 2022 Data - 2001-2021 Historical According to INS data, the harmonized index of consumer prices (IACP) indicator for determining inflation at the level of EU member states in September 2022 compared to August 2022 is 100.93%. The inflation rate for consumer prices in Romania moved over the past 30 years between -1.5% and 255.2%. The annual non-food inflation for September 2022 was recorded at 7.2 percent from 7.8 percent in August 2022. CSI used BLS estimates of the consumer price index for each cost category from 2015 to September 2022 and estimated the cost of raising a child born in 2022 from birth to age 18 to be $303,444, which is a 23.6% increase ($57,984) over its value in 2015. Year-on-Year Inflation for September 2022 at 9.9 Percent The annual inflation rate will probably continue to increase towards the end of the current year, under the impact of shocks on the supply side, but at a noticeably slower pace, argued the representatives of the National Bank of Romania, in a statement sent on October 5, 2022. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). Insurers Paid out Nearly HUF 40 bln for Drought Damage, Tech and Industry Minister Palkovics Resigns - Report, Financial Profit Lifts Masterplast Earnings in Q3. If you continue to use this site we will assume that you are happy with it. We would like to offer that same opportunity to our readers. An item that cost 100 leus in 1991 costs 570,592 . Romania Inflation Rate - October 2022 Data - 1991-2021 Historical UNDPUNFPAUNECAUNICEFUSAIDSDGCACDCIAPRIAfrica Development BankThe World Bank, Ministry of Finance & National PlanningMinistry of JusticeMinistry of Labor & Social SecurityMinistry of Technology & ScienceMinistry of AgricultureMinistry of HealthMinistry of EducationMiMinistry of TourismMinistry of Lands & Natural ResourcesMinistry of Water Development, Sanitation & Environmental ProtectionMinistry of Foreign Affairs & International CooperationMinister of Commerce, Trade & IndustryMinistry of Fisheries & LivestockMinistry of GenderMinistry of Home Affairs and Internal SecurityMinistry of Community Development & Social ServicesMinistry of Infrastructure ,Housing & Urban DevelopmentMinistry of Local Government & Rural Develoment, Copyright 2022 Zambia Statistics Agency. Inflation in Metro Phoenix was 0.8% between June and August and 13.0% over the Last 12 Months - August '21 through August '22 - (BLS CPI Survey) Inflation's impact on what we buy Since 2020, due to inflation, Phoenix households would have had to spend $9,800 more over the past 20 months to buy the same things By RBJ Plus500. It will offer the rate of inflation over the 12 months ended September 2022. Here's the inflation breakdown for September 2022 in one chart Romania's consumer price inflation (ROCPI=ECI) rose to 15.88% on the year in September from 15.32% the previous month, above expectations, data from the National Statistics Board showed on Wednesday. Determinants for the further worsening of the near-term inflation outlook are the higher dynamics anticipated to be recorded in the coming months by the prices of natural gas and electricity including in the conditions of the change in the characteristics of the electricity price capping scheme as well as food prices, under the influence the large increase in the quotations of agri-food goods, against the background of the war in Ukraine and the imposed sanctions, but also of the prolonged and extended drought at the European level this summer. ET. Romania's inflation exceeds 15% in June and keeps rising 8.81 %. The Laspeyres formula is generally used. Key events in EMEA next week | Article | ING Think The September reading of the Labor Department's Consumer Price Index, a closely watched measure of the costs of goods and services, showed a 0.4% increase compared to August more than. Photo by Albert Zoltan / Shutterstock.com. The annual U.S. inflation rate was little changed last month, hitting 8.2% . August's figure was the highest inflation rate since October 2003. (RTTNews) - Romania's producer price inflation eased to a four-month low in September, though it remained strong overall, data from the National Institute of Statistics showed on Wednesday.. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. SeedBlink, the co-investment platform for European startups, has received license from the Romanian Financial Supervisory Authority (ASF) as a provider of crowdfunding services By RBJ Romania's headline inflation would hit 7.5% at the end of the year to rise up to 8.6% at the end of the second quarter (Q2) next year as the temporary energy bill subsidies are phased off and. Inflation rates in Romania - Worlddata.info The real salary index was 97.6% in June 2022 compared to June 2021, and 100.4% compared to May. American inflation CPI. 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