Rising inflation weighs on consumption, slows Romania's economic activity - Concordia Employers Confederation

Business

The rise in Romania's annual inflation rate to 9.87% in March, driven mainly by higher fuel prices, is contributing to weaker consumption and slowing economic activity, amid a contraction in retail trade, according to the Concordia Employers Confederation. "Recent data confirm a shift in the dynamics of Romania's economy. After several months of moderation, annual inflation returned to an upward trend in March, reaching 9.87%, up from 9.31% in February, amid rising fuel prices and a volatile

Tag-uri: Inflatie