Romania Inflation November 2016

Romania

Romania: Annual variation in consumer prices turns more negative in November

December 12, 2016

Consumer prices inched up 0.1% in November from the previous month, below October’s 0.4% rise. November’s figure reflects small increases in the price of food and non-food items, while the price of services fell compared to the prior month.

The annual variation in consumer prices dropped to minus 0.7% from minus 0.4% in October, and remains far below the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices remained constant at 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 1.8%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Romania Inflation Chart


Romania Inflation November 2016

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


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