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Annual inflation in Romania rises to 13.76pct in April 2022

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1. The Consumer Price Index (CPI) – indicator for determining inflation at national level

 

- Consumer prices were up 3.7% in April 2022 from March 2022.

- The inflation rate since the beginning of the year (April 2022 compared to December 2021) is 7.9%.

- The annual inflation rate in April 2022 compared to April 2021 is 13.8%.

- The average consumer price rate over the last 12 months (May 2021-April 2022) as compared to the previous 12 months (May 2020-April 2021) is 7.4%.

 

2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation across the EU

 

- The Harmonised Index of Consumer Prices in April 2022 compared to March 2022 is 102.37%.

- The HICP-based annual inflation rate in April 2022 compared to April 2021 is 11.7%.

- The HICP-based average consumer price rate over the last 12 months (May 2021-April 2022) as compared to the previous 12 months (May 2020-April 2021) is 6.4%.

 

The annual inflation rate in Romania rose to 13.76% in April 2022, from 10.15% in March, as prices for non-foods rose by 16.35%, for foods by 13.54%, and for services by 7.11%, according to data published on Wednesday by the National Institute of Statistics (INS).

Consumer prices in April 2022, as against March 2022, increased by 3.7%. The inflation rate at the beginning of the year (April 2022 against December 2021) is 7.9%. The annual inflation rate in April 2022 against April 2021 is 13.8%. Consumer prices in the last 12 months (May 2021 - April 2022) as against the previous 12 months (May 2020 - April 2021) advanced 7.4%.

According to INS, the Harmonised Index of Consumer Prices (HICP) in April 2022 compared with March 2022 is 102.37%. The annual inflation rate in April 2022 against the HICP is 11.7%. The average increase rate in consumer prices in the last 12 months (May 2021 - April 2022) as against the previous 12 months (May 2020 - April 2021) against HICP is 6.4%.

The National Bank of Romania (BNR) expects inflation to reach 11.2% at the end of the second quarter of 2022, 10.2% at the end of the third quarter of this year and of 9.6% at the end of the fourth quarter of 2022, according to the BNR Quarterly Inflation Report. 

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