The Consumer Price Index in November 2021 compared to October 2021 is 100.00%, according to the National Institute of Statistics (INS).
The inflation rate since the beginning of the year (November 2021 compared to December 2020) is 7.4%, while the annual inflation rate in November 2021 compared to November 2020 is 7.8%.
The average consumer price rate over the last 12 months (December 2020–November 2021) as compared to the
previous 12 months (December 2019–November 2020) is 4.5%.
Even so, Romanians pay more for gas and electricity. INS data show that in November the prices of non-food products increased the most, by over 10%, followed by food, by 6.10% and services by over 4%. The gas price increased the most compared to the same month last year, by over 49%. Romanians now pay more money than last year for electricity and heat, by 8 and 10%, respectively.
According to INS data, all food is now more expensive than last year. The top of the price increases is dominated by oil, whose price has increased by almost 28%. In November, we paid 23% more for a kilo of potatoes than in the same period last year, while bread, flour and cornmeal became more expensive by more than 9 and 12%, respectively. For many of these foods we paid more in November if we refer to October. Expenditures have also been recorded for fuels and cigarettes.
The National Bank of Romania experts expect the inflation rate to fall to 7.5% in December. Inflation will resume its upward trend when the support scheme for gas and energy bills of the population expires. The NBR estimates that inflation will reach 8.6% in April.