Romania's consumer price inflation accelerated more-than-expected in July to the highest level in twenty-one months, data from the National Institute of Statistics showed on Tuesday.
The consumer price index, or CPI, rose 7.8 percent year-on-year in July, faster than the 5.7 percent rise in the previous month. The expected inflation rate was 6.4 percent.
Further, this was the highest inflation rate since October 2023, when prices had risen 8.0 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.