{"id":6723,"date":"2025-09-11T09:00:23","date_gmt":"2025-09-11T09:00:23","guid":{"rendered":"https:\/\/ofero.news\/?p=6723"},"modified":"2025-09-11T09:00:23","modified_gmt":"2025-09-11T09:00:23","slug":"romanias-annual-inflation-nears-double-digits-in-august-on-energy-prices-and-vat-hike","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=6723","title":{"rendered":"Romania\u2019s annual inflation nears double digits in August on energy prices and VAT hike"},"content":{"rendered":"<p>Romania\u2019s annual inflation rate accelerated sharply to 9.85% in August, driven by soaring electricity tariffs and higher VAT, the National Institute of Statistics (INS) said in the <a href=\"https:\/\/insse.ro\/cms\/sites\/default\/files\/com_presa\/com_pdf\/ipc08r25.pdf\" target=\"_blank\">report<\/a> released on Thursday, September 11. The figure marks a significant jump from <a href=\"https:\/\/www.romania-insider.com\/uncapped-electricity-prices-inflation-romania-august-2025\" target=\"_blank\">July\u2019s 7.8% rate<\/a>, with non-food goods recording the steepest increase at 10.48%.<\/p>\n<p>Electricity prices surged by 65.73% year-on-year after the government ended the price cap scheme as of July 1 and the standard VAT rate was raised to 21% on August 1.<\/p>\n<p>Food prices rose 8.92% year-on-year, led by fresh fruit, which climbed 41.7%, followed by fruit preserves (27%) and coffee and cocoa (19%), <a href=\"https:\/\/economedia.ro\/breaking-inflatia-anuala-accelereaza-puternic-si-ajunge-la-99-in-luna-august-cresteri-semnificative-de-preturi-dupa-liberalizarea-pietei-de-energie-si-majorarea-tva.html\" target=\"_blank\">Economedia.ro<\/a> reported. Bread, edible oil, milk, and eggs also saw notable increases. Alcoholic beverages became costlier as well, with beer up 7.6% and wine 7.1%.<\/p>\n<p>Meanwhile, services posted an annual increase of 9.85%, with cosmetic and hygiene services up 19.3%, train travel up 18.6%, and auto repair costs rising nearly 14%. Rents increased by 10.5%, restaurant meals by 12.3%, and healthcare services by 13.3%.<\/p>\n<p>Beyond electricity, other non-food goods also recorded higher prices: thermal energy (+13.6%), detergents (+8.4%), tobacco (+8.7%), and medicines (+5.2%).<\/p>\n<p>According to the INS report, there were a few price drops over the year, with sugar (-2.6%), potatoes (-9.4%), air transport (-7.3%), and telecom services (-2%) becoming cheaper.<\/p>\n<p>The inflation surge comes after the National Bank of Romania (BNR) already revised its forecast sharply upward. Governor Mugur Is\u0103rescu warned in August that inflation could exceed 9% this year, peaking at around 9.6% in September before gradually easing.\u00a0<\/p>\n<p>\u201cIn September, we will likely see the peak of inflation\u2026 after that, there will be a gradual absorption of these shocks,\u201d Is\u0103rescu said.<\/p>\n<p>With August already close to 9.9%, inflation has surpassed the central bank\u2019s earlier projections of 8.8% for the year-end.<\/p>\n<p>irina.marica@romania-insider.com<\/p>\n<p>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\">Ungureanu Vadim\/Dreamstime.com<\/a>)<\/p>","protected":false},"excerpt":{"rendered":"<p>Romania\u2019s annual inflation rate accelerated sharply to 9.85% in August, driven by soaring electricity tariffs and higher VAT, the National Institute of Statistics (INS) said in the report released on Thursday, September 11. The figure marks a significant jump from July\u2019s 7.8% rate, with non-food goods recording the steepest increase at 10.48%. Electricity prices surged [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6723","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6723"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6723\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}