Inflation increased to 7.96% in December 

The annual inflation rate increased in December to 7.96%, the biggest contributor was the increase of prices for non food products by 9.76% and especially prices for tobacco and fuel, Romania’s National Statistics Institute reads. In December 2010, consumption prices increased by 0.53%.

Data shows that prices for food products increased in December by 0.76%, non food products by 0.55% and service tariffs increased by 0.04%. Overall, in 2010, prices for food products increased by 6.45%, tariffs for services advanced by 6.43% and prices for non food products increased by 9.76%.