Industrial prices in Romania up 8.6% in January
The industrial prices in Romania leapt up by 8.6% in January alone, while the annual industrial price inflation soared to 43% from 33% in December, according to data released by the statistics office INS.
The price of utilities (electricity, gas, heating) surged by 146% YoY - nearly 2.5 times - in January 2022 compared to the same period in 2021, after a substantial 24% monthly advance (m-o-m) compared to December.
The prices in the manufacturing industries (+19.9% YoY) have increased at much slower rates, while the prices of consumer goods (particularly non-durable consumer goods) posted much slower growth rates.
This wide discrepancy generates significant tensions that are accumulating along the production chain, posing real threats to consumer (end-user) price inflation.
The prices of durable consumer goods already increased by 16.1% YoY (+4.25% in January compared to December), but the prices of non-durable consumer goods rose by only 8.5% YoY (+1.7% m-o-m).
The prices of capital goods actually decreased by 0.2% mom in January while they advanced by a rather moderate (circumstances given) 10% YoY.