Romania Inflation February 2017

Romania

Romania: Inflation accelerates in February

March 10, 2017

Consumer prices fell 0.1% from the previous month in February, improving from January’s 0.2% drop. February’s drop reflects a decrease in prices for services, which offset price rises in food and non-food items.

Inflation edged up to 0.2% in February (January: +0.1% year-on-year).. Nonetheless, inflation remains well below the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices edged up to minus 1.1%, from minus 1.4% in January.

FocusEconomics Consensus Forecast panelists see consumer prices rising 1.6% on average in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect average inflation of 2.8%.


Author:, Economist

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Romania Inflation Chart


Romania Inflation February 2017

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


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