Vivid Index
The big munch crunch
Interesting recent changes include prices of McDonald's products, which moved higher for the second consecutive month after a long period of stability
Posted: 21/11/2008
Romania's official annual inflation rose by 1.06 per cent in October, a move that the market was not expecting at all and one that made many analysts rethink their end of year inflation target; many analysts had been expecting inflation to fall to 6.0 per cent by the end of 2008. Interesting recent changes include prices of McDonald's products, which moved higher for the second consecutive month after a long period of stability.
The Prices
| Item | April 1999 | Year ago | October | November |
|---|---|---|---|---|
| ROL | RON | RON | RON | |
| Salami de Sibiu (1 kg, Mega Image) | 92,000 | 41.99 | 49.99 | 49.99 |
| Bananas (1 kg, Piata Domenii) | 18,000 | 4.5 | 5.5 | 6.0 |
| Unleaded petrol (1 litre, Agip) | 7,800 | 3.43 | 3.95 | 3.53 |
| Rail ticket (Bucharest-Brasov, Rapid, first class) | 70,000 | 46.50 | 53.80 | 53.80 |
| Coca Cola (330 ml, Mega Image) | 4,800 | 1.49 | 2.1 | 2.1 |
| 1 Libertatea | 1,700 | 0.55 | 0.50 | 0.50 |
| 1 Big Mac | 18,000 | 7.2 | 7.5 | 8.0 |
| 1 Egg (Piata Amzei) | 1,000 | 0.40 | 0.40 | 0.40 |
| Cigarettes (Carpati, Ion Slatineanu shop) | 4,000 | 3.0 | 3.0 | 3.0 |
| Int. telephone call (1 min., daytime, Europe) | 8,900 | 0.87 | 0.87 | 0.87 |
Monthly nominal change in prices, October 2008: +0.3 per cent (September was -1.9 per cent)
October 2008 government figure: 1.06 per cent (September was -1.0 per cent)
Vivid Index, October 2008, year-on-year: 9.1 per cent (September was 12.0 per cent)
Government figure, October 2008, year-on-year: 7.4 per cent (September was 7.3 per cent)
2002 inflation: 17.8 per cent
2003 inflation: 14.1 per cent
2004 inflation: 9.3 per cent
2005 inflation: 8.6 per cent
2006 inflation: 4.87 per cent
2007 inflation: 6.6 per cent
2008 target: 5.9 per cent
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