Romania Inflation March 2022

Romania

Romania: Inflation comes in at highest level since October 2004 in March

April 12, 2022

Consumer prices rose a seasonally-adjusted 1.88% over the previous month in March, picking up from the 0.58% rise recorded in February. March's result was the highest reading since July 2010. The pick-up was primarily due to rising prices for food and fuels. In addition, price pressures for non-food goods intensified.

Inflation increased to 10.2% in March, following February’s 8.5%. March's figure represented the highest inflation rate since October 2004. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.5% in March (February: 5.9%).

The panel sees inflation averaging 8.5% in 2022, which is up 0.7 percentage points from last month’s forecast, and 4.8% in 2023.


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Romania Inflation March 2022 1

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics.


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