Romania Inflation October 2016


Romania: Annual drop in consumer prices softens in October

November 11, 2016

In October, consumer prices inched up 0.4% from the previous month, contrasting September’s 0.1% contraction. October’s result reflected price increases across the board for food and non-food products, as well as for services.

In annual terms, consumer prices recorded a 0.4% drop in October (September: -0.6% year-on-year). Inflation remains far below the Central Bank’s tolerance margin of plus/minus 1.0% around its 2.5% target. The annual average variation of consumer prices inched up from minus 1.7% to minus 1.6%.

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.3% on average in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect average inflation of 1.9%, which is also unchanged from last month’s estimate.

Author:, Economist

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Romania Inflation Chart

Romania Inflation October 2016

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

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