Romania Inflation June 2017

Romania

Romania: Inflation accelerates in June

July 11, 2017

In June, consumer prices were unchanged compared to the previous month. June’s print was driven by a drop in food prices being compensated by rises in services and non-food goods prices.

Inflation in June came in at 0.9%, up from 0.6% in May but still well below the target range of 1.5%-3.5% set by the Central Bank. Inflation has been below the target range since September 2014. Annual average inflation esdged up from May’s minus 0.2% to minus 0.1% in June, the highest level September 2015.

FocusEconomics Consensus Forecast panelists see consumer prices rising 1.2% on average in 2017, which is up 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 June 2017

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


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