Inflation breaks the record in November: 16.8%; food products, the most expensive

By RBJ
The annual inflation rate rose to 16.8% in November 2022, from 15.32% in October, due to the increase in the price of food products by 21.55%, non-food goods by 16.17% and services by 9.51% , according to the data of the National Institute of Statistics, published on Tuesday.
In November, consumer prices increased by 1.3% compared to the previous month, as food goods were more expensive by 1.54%, non-food goods by 1.03% and services by 1.31%.
The inflation rate since the beginning of the year (November 2022 compared to December 2021) is 15.9% and the average rate of change in consumer prices in the last 12 months (December 2021 – November 2022) compared to the previous 12 months (December 2020 – November 2021) is 13.1%.
The harmonized consumer price index (HICP), indicator for determining inflation at the level of EU member states, in November 2022 compared to October 2022 is 101.24%. The annual inflation rate in November 2022 compared to November 2021 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) is 14.6%. The average rate of change in consumer prices in the last 12 months (December 2021 – November 2022) compared to the previous 12 months (December 2020 – November 2021) determined on the basis of the HIPC is 11.4%.
The National Bank of Romania (BNR) increased the inflation forecast for the end of this year to 16.3% and estimates an inflation of 11.2% for the end of next year.