Romania Inflation November 2021

Romania

Romania: Inflation cools but remains elevated in November

December 13, 2021

Consumer prices flatlined over the prior month in November, following October’s 1.78% jump. Looking at the details of the press release, price pressures for food goods and services softened, while prices for non-food goods tumbled compared to October.

Inflation inched down to 7.8% in November from 7.9% in October, which had marked the joint highest inflation rate since June 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.5% in November (October: 4.1%).

FocusEconomics Consensus Forecast panelists see inflation averaging 5.1% in 2022, which is up 0.6 percentage points from last month’s forecast. For 2023, panelists see inflation averaging 3.4%.


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Romania Inflation November 2021

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


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