Romania Inflation June 2022

Romania

Romania: Inflation comes in at highest level since October 2003 in June

July 12, 2022

Consumer prices increased a seasonally-adjusted 0.76% from the previous month in June, a smaller increase than the 1.18% rise logged in May. The slowdown was largely driven by softer growth in prices for food. In addition, price pressures for non-food goods eased.

Meanwhile, inflation came in at 15.1% in June, which was up from May’s 14.5%. June's reading was the highest inflation rate since October 2003. Annual average inflation rose to 9.2% in June (May: 8.3%).

Our panelists see inflation averaging 11.9% in 2022, which is up 1.4 percentage points from last month’s forecast, and 7.1% in 2023.


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Romania Inflation June 2022

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


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