Inflation in Romania
Romania - Harmonized Inflation
Inflation comes in at highest level since October 2004 in March
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.
Romania - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.4||-1.1||1.1||4.1||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Romania Harmonized Inflation Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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May 10, 2022
At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April’s 3.00%, thus marking the sixth successive hike.
April 13, 2022
Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%.
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.
April 5, 2022
At its meeting on 5 April, the National Bank of Romania (NBR) raised the policy rate to 3.00% from 2.50%, marking the fifth successive hike.
March 14, 2022
Consumer prices increased a seasonally-adjusted 0.58% in February over the previous month, easing from January's 1.48% rise.