Romania Inflation February 2020

Romania

Romania: Inflation declines to over two-year low in February

March 11, 2020

Consumer prices rose 0.3% month-on-month in February, down from January’s 0.4% climb. The largest increase was recorded for prices for food, followed by services while prices for non-food goods dipped.

Inflation slid from 3.6% in January to 3.1% in February, the lowest print since October 2017. Thus, it fell back within the Central Bank’s 1.5%–3.5% target range after hovering above it for three consecutive months. Meanwhile, annual average inflation inched down to 3.8% in February from 3.9% in the previous month.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see inflation averaging 3.2%.


Author:, Economist

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Romania Inflation February 20 20

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


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