In Romania, producer prices for non-durable consumer goods delivered to domestic market increased by 3.8% in November 2020 from November 2019. This was the second fastest advance in the EU.
For the time being, final prices paid by consumers for their purchases are increasing slowly thanks to depressed demand and to low imported inflation (a facet of decreasing prices on the external markets and of modest leu depreciation).
However, once consumers’ demand would recover on the external and domestic market, ongoing elevated inflationary pressures at domestic factory gates should translate in elevated dynamics of final consumer prices.
