Annual rate fell

Recently published data from the National Institute of Statistics (INS) reveals a significant increase in prices in various sectors in November, with a few notable surprises. Here are the highlights:

1. Marked increases:

Air Transportation: Fares increased by an impressive 29.56% over November 2022.

Detergents: Prices are up 23.58%.

Water, Sewerage and Sanitation Services: An increase of 20.45% was recorded in this category.

Chemicals: An increase of 16.89%.

2. More Expensive Food on the rise:

Beer: With a significant increase of 16.17%.

Fresh fish: An increase of 16.13%.

Canned and other fish products: 14.23% increase.

3. Cheaper food products:

Oil : A notable cheapening of 27.51%.

Flour: Down 21.97%.

Corn Meal: A decrease of 18.16%.

4. Differences in data:

INS data show a decline in the annual inflation rate to 6.72% from 8.07% in October.

In contrast, air fares rose 29.56%, illustrating the discrepancies between sectors and inflation.

5. Non-food goods:

Detergents, Chemicals, Toiletries and Cosmetics: all show significant increases.

Electricity and fuels: They have become cheaper by 11.54% and 2.71% respectively.

6. Services:

Air transport: Up 29.56% in the last year.

Water, sewerage and sanitation: Up 20.45%.

Postal services: Have seen an increase of 16.17%.

7. General inflation:

Annual rate decreased: From 8.07% in October to 6.72% in November.

These data provide a glimpse into the complexity of inflation in Romania, highlighting the significant variability of increases and decreases in different sectors of the economy.