The food sector in Romania has the largest trade deficit in the region, of almost 2%, and influences the inflation rate in Romania the most, being the producer of fundamental imbalances, despite the investments in the field, it is specified in the May edition of the Report on inflation, presented by the Governor of the National Bank of Romania, Mugur Isărescu. "The food sector remains a critical point, with Romania registering the largest trade deficit in the region, despite the relatively high agricultural potential", states the governor of the BNR.
The policy of stimulating consumption by increasing wages also increased imports and, with them, the imbalance of the trade and current account balance. Many foods have become more expensive since the beginning of the year even than fuels. "The advance of the annual inflation rate was decisively influenced by the significant increase in the price of vegetables", and wheat continues to lead to above-average monthly price increases for bakery products (+0,4% monthly on average in the last 12 months), the quoted report also says.
