Inflation in Romania
Romania - Inflation
Inflation comes in at highest level since June 2018 in August
Consumer prices increased 0.24% over the previous month in August, slowing down from the 0.97% rise logged in July. August's result marked the weakest reading since November 2020. Looking at the details of the release, prices for food decreased at a weaker pace in August, although prices for non-food goods grew at a slower pace.
Inflation came in at 5.3% in August, which was up from July’s 5.0%. August's reading was the highest inflation rate since June 2018. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 3.3% in August (July: 3.1%). Finally, core inflation ticked up to 4.5% in August, from July’s 4.3%.
FocusEconomics Consensus Forecast panelists see inflation averaging 3.9% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, panelists see inflation averaging 3.4%.
Romania - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.6||-1.5||1.3||4.6||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Romania 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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September 14, 2021
Industrial output grew 5.8% year-on-year in July, moderating from June’s 12.8% increase.
September 10, 2021
Consumer prices increased 0.24% over the previous month in August, slowing down from the 0.97% rise logged in July.
September 7, 2021
A second release confirmed that GDP bounced back, expanding 13.0% year-on-year in the second quarter, matching the preliminary reading and contrasting the 0.2% contraction recorded in the first quarter.
August 17, 2021
The economy rebounded strongly in the second quarter, with GDP expanding 13.0% year-on-year, swinging from the 0.2% contraction recorded in Q1.
August 12, 2021
Industrial output grew 12.5% in year-on-year terms in June, moderating from May’s 30.5% jump.