Romania August PPI Rises At 6th Fastest Pace In EU

Industrial prices in Romania increased 6.1% on the year in August, above the EU’s average growth of 3.9%, EU’s statistics office Eurostat said.

The biggest annual increases were registered in Malta (+14.3%), Hungary (+10.4%) and Bulgaria (+10%), and the smallest in the Czech Republic (+1.8%) and Ireland (+1.9%). The only decrease was observed in Slovakia (-0.4%).

In monthly terms, Romanian industrial prices were up 0.3% in August, the data showed.

The highest monthly increases in the EU’s total index were recorded in Estonia (+1.3%), Bulgaria (+0.7%), Belgium (+0.6%) and Ireland (+0.5%). Decreases were observed in the United Kingdom (-0.5%), the Czech Republic (-0.4%), the Netherlands (-0.3%) and Finland (-0.2%).

According to the Romanian statistics institute INS, industrial producer prices rose 0.4% on the month in August and were up 6.7% compared with the year-earlier period.