Romania Cost of Living 2023 in Bucharest, Cluj Napoca, Brasov, Sibiu etc
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Loading... - Sorin Bucsa
- 08 Feb 2023
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The cost of living in Romania keeps growing at a fast pace, especially following the years 2022 and 2023 so far where huge inflation even doubled some of the costs here. And there are no signs of it stopping soon…
As a result, the cost of living in the country in 2023 is higher than ever because of double digit inflation. But this is affecting all countries in the world, so it kind of evens out in the end.
Compared to 2013 when I first started to track our expenses and follow the prices of various products in the country, I can say that they are higher than ever. And everything is way more expensive.
Important things like electricity and natural gas have spiked in prices (although the state is paying part of the costs), but also food costs have gone up, based on my own experience, anything between 50% to 300%.
Prices actually started going up in 2019, when inflation was around 8%. Nowadays, inflation is around 15% so you can imagine that prices of everything go up. Sure, we’ve seen a significant increase of the minimum wage in Romania, but also increased inflation. And I don’t think that is going to stop. Read More…
