The fall in prices was evident in the intermediate goods industry

Industrial production prices in Romania decreased by 2.2% in October 2023 compared to the same month of the previous year. However, compared to the previous month, prices increased by 0.4%.

The fall in prices was evident in the intermediate goods industry, where a decrease of 4.9% was recorded, as well as in the energy industry, where prices fell by 7.54%. In contrast, the consumer goods industry recorded a significant increase of 7.73%, and the capital goods and durable goods industry recorded increases of 4.88% and 4.56% respectively, according to data provided by the National Institute of Statistics (INS). 

INS data show that by sector, the mining and quarrying industry suffered a significant price decrease of 17.66% in October 2023 compared to the same month last year. Prices in manufacturing also saw a slight decrease of 0.98%, while energy production and supply saw a decrease of 3.4%.

In contrast, the water distribution, sanitation, waste management and remediation activities sector saw a significant increase in industrial output prices, up an impressive 18.94% in October 2023 compared to the same month in 2022.