In February, consumer prices rose 0.3% over the previous month, which was below the 0.9% increase recorded in January. According to the National Institute of Statistics (INSSE), the slight increase resulted from higher prices for food goods and services. Annual headline inflation was stable at January's 1.1%, which had marked the lowest level on record. Inflation is still below the Central Bank's tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation fell from 3.6% in January to 3.2% in February. The Central Bank foresees inflation ending 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation of 3.9% by the end of 2014, which is up 0.1 percentage points from last month's forecast. For 2015, panelists anticipate 3.6% inflation.
Inflation stable in February
March 12, 2014
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Romania Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics.
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.