Prime Minister Nicolae Chuke commented Thursday evening on the almost 17% inflation announced by the INS for January, and clarified that this is only a comparative figure with November 2021. Inflation will not exceed 13% in 2022,” the prime minister said, according to News.ro.

Nicolae Chuke was asked on Thursday evening about the 17% inflation announced by the INS, and he clarified that the percentage refers to a comparison with November 2021.

“From the analysis I did when I got these numbers, it was very clear that year-end inflation in 2022 would not exceed 13%. This is only a comparative figure of inflation in 2022 compared to November 2021,” the prime minister said.

Answering the question when Romanians will pay lower taxes on products, the prime minister said: “We discussed with experts from the Ministry of Finance, with experts from the National Bank of Romania, and we tried to determine the future development until 2023. From the data we received, there is a tendency for inflation to decrease in 2023 and, according to the analysis, it is very likely that it will approach 10%,” the Prime Minister said.

The annual rate of inflation rose in November compared to November 2021 to 16.8%, according to data released on Tuesday by the National Institute of Statistics. Compared to November 2021, the price of sugar rose the most – by 61.94%, compared to November 2021 – electricity – by 47.19%.

“All institutions predict economic growth for us in 2023”

On Thursday evening, Nicolae Cuke was asked what he would convey to Romanians who are not experiencing the economic growth that has been spoken about in public speeches.

“At the level of the Government, we took all the measures that were at our disposal, and these are the funds that were in the state budget, to support vulnerable sections of the population. We know very well what the level of wages in our country is, and this year it was not possible to achieve it only because of inflation, there are elements that were on the table of the Government and will be. You are well aware of the measures we have taken through support packages for the vulnerable. Our goal was to do it in such a way as to ensure economic balance, economic growth, to attract as much money as possible to the state budget, so that we could have the necessary funds at our disposal to support them, which are really vulnerable. and needs state support,” Chuke said

The Prime Minister added that economic growth is expected next year as well.

“In the state budget for 2023, we had the same approach, so that we continue to invest in the economy to ensure economic growth and not enter the already predicted trend of decline and entry into economic recession. All institutions, both national and international, are predicting not as high economic growth as this year, but growth so that we have the sums available to ensure the increase of the minimum wage and, of course, the continuation of support for the vulnerable, so that we all pass good in this period,” added Nicolae Chuke, quoted by News.ro.