Home / BUSINESS / Annual inflation rate up in August
Romania posted the second lowest annual inflation rate in January 2017

Annual inflation rate up in August

The Consumer Price Indices (CPI) have increased by 5.1% in August 2018 compared to August 2017, the National Institute of Statistics informed on Tuesday.

So, inflation is back upward, after it had decreased to 4.56% in July from 5.41% in June.

The increase was due to the price hike of non-food goods by 6.78%, of foodstuff by 4.15% and of the services by 2.61%.

Moreover, as against the end of December 2017, the August prices were 2.22% higher following the rise by 3.21% of the non-food goods, by 1.56% of the services, and by 1.23% of foodstuff.

At the same time, prices have gone up by 0.28% in August compared to July also because the prices were higher in August by 0.66% at non-food goods, by 0.13% at services .

About Romania Journal