Romania’s inflation slows to 5.1% in August
<p>Romania’s annual inflation rate&nbsp;eased to 5.1% in August 2024 from <a href="https://www.romania-insider.com/inflation-romania-jumps-542-july-aug-2024" rel="noopener" target="_blank">5.42% in July</a>, according to the official <a href="https://insse.ro/cms/sites/default/files/com_presa/com_pdf/ipc08r24.pdf" rel="noopener" target="_blank">report</a> released by the statistics institute INS on Wednesday, September 11. However, the figure was still higher than the 4.9% reported for June.</p>

<p>The inflation rate since the beginning of the year (August 2024 compared to December 2023) was 3.4%.</p>

<p>Food prices increased by&nbsp;4.25% year-over-year in August 2024, while non-food goods got 4.35% more expensive, and services tariffs rose by roughly 8.6%, INS said.</p>

<p>Among foods, the biggest year-over-year price increases were recorded for potatoes - 18.78% and vegetables and canned vegetables - 14.13%. The price of flour decreased the most, by 16.56%.</p>

<p>When it comes to non-food goods, detergents were the star of price increases with 16.95%, followed by chemical items - 12.22%.</p>

<p>Meanwhile, the service tariff increase was mainly influenced by a 26.61% 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">T</a></i><em><a href="https://www.dreamstime.com/" rel="noopener" target="_blank">ero Vesalainen/Dreamstime.com</a>)</em></p>