Inflation rate up to 3.2pc in November. Eggs prices up by 30pc

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Consumer prices have continued to increase in November, leading the yearly inflation rate to 3.2%, up from 2.6% in October, given the increase of foodstuff prices by 3.88% and of the non-food goods by 4.12%, the National Statistics Institute (INS) informs.

As compared to November 2016, the price of services increased by 0.10%.

“The average rate of consumer prices in the past 12 months (December 2016-November 2017) against the previous 12 months, calculated on the basis of CPI is 1%, whereas calculated on the basis of HICP the average rate is 0.9%,” INS informs.

In November the prices increased by 0.66% against October, given that foodstuff prices increased by 0.57% and non-food goods and services by 0.33%.

The National Bank of Romania (BNR) has revised upwards the inflation forecast by 2.7% this year, up from 1.9%. For the end of 2018, BNR envisages a 3.2% inflation rate.

The prices of eggs increased by almost 30% and of the butter by 7%, whereas fuel prices increased by 2.7%, tobacco and cigarettes by 2%.

Fresh fruits prices – up by 2.2%, mild and dairy products – up by 1.35%, butter by 6.9%, eggs by 29.2%.

Air transport prices increased in November by 0.7% against October and by 20.8% against December 2016.

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