Inflation drops below 5% in Romania in June
<p>Romania’s annual inflation rate weakened further in June, to 4.9%, from <a href="https://www.romania-insider.com/romania-inflation-may-2024" rel="noopener" target="_blank">5.1% the month before</a>, according to the <a href="https://insse.ro/cms/sites/default/files/com_presa/com_pdf/ipc06r24.pdf" rel="noopener" target="_blank">official report</a> released by the statistics institute INS on Thursday, July 11. The figure marks the fifth consecutive decrease of this indicator.</p>

<p>The inflation rate since the beginning of the year (June 2024 compared to December 2023) was 2.6%.&nbsp;</p>

<p>Food prices increased by&nbsp;1.1% year-over-year in June 2024, while non-food goods got 6.28% more expensive, and services tariffs rose by roughly 8.81%, INS said.</p>

<p>Among foods, the biggest year-over-year price increases were recorded for canned fruits - roughly 10%, wine and beer - around 7-8%, and beef - 6.44%. The price of flour decreased the most, by some 32%.</p>

<p>When it comes to non-food goods, medicines were the star of price increases with 23.96%, followed by detergents - 21.96%. The price of natural gas dropped by 10.36%.&nbsp;</p>

<p>Meanwhile, the service tariff increase was mainly influenced by a 26.56% hike in postal services.</p>

<p><i>irina.marica@romania-insider.com</i></p>

<p><i>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Bizroug/Dreamstime.com)</a></i></p>