According to data from the National Institute of Statistics (INS), inflation continues to rise, the annual rate in March was 14.5% against 15.5% in February.

Food products rose in price by 21.5%, non-food products by 11%, services by 10.8%.

In annual terms, the price of sugar rose by 60.9%, butter – by 38%, potatoes – by 36.5%, eggs – by 33%, margarine – by 32%, flour and cream – by 21%, bread – by 20 ,8%, by 23%, coffee – by 23%. 19%.

These are just a few examples. Everything has become more expensive, and this is a double-digit number.

As for non-food products, a decrease in prices is observed only for medicines by 2.2% and fuel by 2.7%.

In the rest, the price of gas rose by 40%, electricity by 32%, clothes by more than 9%, cosmetics by 14%.

In the service area, we see a 24% increase in water supply, sewerage and drainage, air transport by almost 30%, CFR by 21%.

The year-to-date inflation rate (March 2023 to December 2022) is 2.3%, and in relation to the average of the last 12 months (April 2022 – March 2023) compared to the previous 12 months (April 2021 – March 2022 ) ) is 15.3%.

Song: Inflation and taxes flooded the country

As the holidays approach, here’s a song about inflation that was written some 47 years ago but only recently released.

The Planet Money podcast asked Ernest Jackson to sing it with Sugar Daddy and Gumbo Roo. It became a hit on Spotify, with hundreds of thousands of people listening to it.

From the beginning, Ernest Jackson says that inflation and taxes have taken over the country. The words are also relevant in Romania, given the provisions of Ordinance 16/2022. Listen to the song below, which has also been uploaded to YouTube.

Photo source: Dreamstime.com