The price of bread increased by 5,52% compared to last year. Basic foods also recorded significant increases.
Non-food goods rose in price by 8,71%, food products by 4,26%, and services by 3,75%, according to information provided by the National Institute of Statistics (INS).
Consumer prices increased in September 2021 by 0,8%, compared to August this year.
Also, the harmonized index of consumer prices in September 2021, compared to August 2021, is 100,83%.
The biggest price increases
The biggest price increases were recorded for energy. In September 2021, the increases were 24,65% for electricity, 20,55% for gas and 16,77% for fuels, compared to September 2020.
Thermal energy recorded an insignificant decrease, this being the only price reduction since September.
Significant increases were also recorded for basic foods: the price of bread increased by 5,52%, that of potatoes by 12%, and the price of edible oil by 23,84%.
Flour went up by 4,7%
In September 2021, flour ended up being more expensive by 4,7% compared to September 2020, according to INS data. And corn rose in price in one year by 4,9%.
Bakery products and specialties are more expensive since September this year by 5,4% compared to the same month last year. In total, milling and bakery products went up in price in the last year by 5,16%.
In August, the BNR forecast for the end of the year an inflation rate of 5,6%
In September 2021, the annual inflation rate rose to 6,3%, from 5,3%, as recorded in August.
In August of this year, the National Bank of Romania forecast for the end of this year an inflation increase of up to 5,6%, according to a presentation made at the time by the governor of the National Bank, Mugur Isărescu.
"After this peak, which is already at present, inflation (…) will exceed 5% or will be around 5%. And I emphasize this because, as a rule, when we make a forecast that, let's say, at the end of the year it will be 5,6%, as is the case here, there is a tendency to say this: the National Bank is forecasting an inflation from now on of 5,6%, prices will increase by 5,6%. It's not like that. Inflation is already 5%, so rather we see, of course also with the action of the monetary policy, which has already started to strengthen, we rather see a moderation of price increases and this is our effort, to maintain inflation between 5 - 5,5 % until the end of the year. Because then, thanks to the base effect, the consumer price index in January already drops below 5%, to around 4 percent. I also scored quarter III and quarter IV, the end of the quarter so you can see that this 5,6% is nothing new. It is not a forecast that prices will rise from now on.
Our forecast is that, through efforts, including in the monetary area, we will manage to keep prices somewhere between 5 and 5,5%. I am referring to the consumer price index.
So the increases in autumn will be very high. For the end of next year, due to the fact that the basic effect from January with electricity and the one from summer with natural gas also disappear, our forecast is that the consumer price index will drop to 3,4%", claimed, in August, Mugur Isărescu.
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