The annual inflation rate rose to 8.5% in February. Natural gas, fuel, and edible oil were the most expensive

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By rbj
The annual inflation rate rose to 8.53% in February 2022, from 8.35% in January, given that non-food goods rose by 9.33%, food by 8.84%, and services by 6.08%, according to data published on Monday by the National Institute of Statistics (INS).
“Consumer prices in February 2022 compared to January 2022 increased by 0.6%. The inflation rate at the beginning of the year (February 2022 compared to December 2021) is 2.1%. The annual inflation rate in February 2022 compared to February 2021 is 8.5%. The average rate of consumer prices in the last 12 months (March 2021 – February 2022) compared to the previous 12 months (March 2020 – February 2021) is 6% “, the INS data show.
The harmonized index of consumer prices in February 2022 compared to January 2022 is 101.04%.
The annual inflation rate in February 2022 compared to February 2021 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) is 7.9%.
The average rate of consumer prices in the last 12 months (March 2021 – February 2022) compared to the previous 12 months (March 2020 – February 2021) determined on the basis of the HICP is 5%.
Non-food goods increased by 9.33% in February 2022 compared to February 2021, food by 8.84%, and services by 6.08%.
Of the food goods, in February 2022 compared to February 2021, potatoes became more expensive by 30.58% (potatoes were 4.70% more expensive than in January 2022), edible oil, by 26.12 % (1.84% more expensive than in January 2022).
Of the non-food goods, in February 2022 compared to February 2021, gas prices rose the most, by 44.94% (the price of gas was, however, cheaper by 9.97% compared to January 2022), as well as fuels. , by 27.24% (4.51% cheaper than in January 2022).
In terms of services, postal services became more expensive in February 2022 compared to February 2021, by 17.48%.
The National Bank of Romania forecasts inflation of 11.2% at the end of the second quarter of 2022, 10.2% at the end of the third quarter of this year, and 9.6% at the end of the fourth quarter of 2022.

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