The annual inflation rate, minus 0.4pc in October

By Victor Lupu On Nov 11, 2016

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The annual decrease in prices has tempered slightly in October 2016 to minus 0.4% against October 2015. In September, the inflation rate was of minus 0.6%, according to the data released on Friday by the National Statistics Institute (INS).

The share of goods and services registered a price decrease as compared to October 2015 is 39.6%, those which registered increases of 0 – 2.5% have a share of 49.4%, while the goods and services whose prices have risen by more than 2.5% have a share of 11%.

In contrast, the consumer prices increased in October against the previous month, on average by 0.43%.

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Victor Lupu

I am in late 50s, great age to become a philosopher! Yet, I am doing my job in journalism, trying to deliver clear and accurate information to our readers, be them expats in Romania or people living abroad and interested in the developments taking place here.
I worked for several important newspapers, attended a Reuters scholarship, had collaborations with Al-Jazeera and Intelstrat. As journalist, I had the opportunity to interview several Romanian ministers and the NATO Secretary General at the time Javier Solana.
Anyway, these are old stories, currently I focus on this news website and, together with my colleagues, I do my best to achieve our goals.
I hope most of our readers will continue to access our website. Keep in touch with Romanian realities! Several rounds of elections are ahead, the courts are expected to deliver some important rulings that may change the entire domestic spectrum. We’ll be here to keep you informed!

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