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The citrus fruit and fresh fruit raised the inflation rate to 4.7% in February
13 March 2018, 12:55 PM

By Andra Beltz
The annual inflation rate went up to 4.7 percent in February 2018, from 4.3 percent in January 2018, amid food prices rising by 3.74 percent and non-food prices by 6.27 percent, as compared to February 2017, according to data with the National Institute of Statistics (INS) made public on Tuesday.
On the other hand, the services' price increased by 2.92 percent as compared to February 2017. The citrus fruit and fresh fruit are the most expensive food products in February 2018 compared to January, while in the non-food goods category the most important price increases were recorded for natural gas.
According to the NIS, citrus and other fruit have increased by 5.98% in the second month of this year compared to the previous month and the price for fresh fruit has increased by 3.54%.
On the other hand, the highest price decreases were recorded for eggs (-4.07%), sugar (-0.57%) and sheepmeat (-0.17%).
On the non-food commodity segment, the gas price went up by 1.83% in February 2018, compared to January 2018, while in washing machines it increased by 0.48%.
'The average consumer price index in the last 12 months (March 2017 - February 2018) as compared to the previous 12 months (March 2016 - February 2017), calculated on the CPI, is 2.1 percent. Determined on the basis of IAPC, the average rate is 1.6 percent,' reads INS.
According to the cited source, as compared to January 2018, prices went up by 0.30 percent in February 2018, with food products being more expensive by 0.61 percent, non-food ones by 0.13 percent, and services up 0.18 percent.
Moreover, as compared to December 2017, prices went up by 1.08 percent in February 2018, with food products being more expensive by 1.25 percent, non-food ones by 1.21 percent, and services up 0.5 percent.
In February, the National Bank of Romania (BNR) revised upwards the inflation forecast for the end of this year to 3.5 percent, from 3.2 percent previously.
According to BNR, the speeding up of the annual inflation rate in the first three quarters of 2018 is determined by those components of the consumption basket outside the field of action of the monetary policy. The dissipation of this inflation surge results in reintroducing the index within the target interval as of the last quarter of 2018.
Category: My files | : | Tags: National Institute of Statistics, Rate, Annual, ins, inflation
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