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Romania Inflation March 2024

Romania: Inflation drops in March

Inflation came in at 6.6% in March, down from February’s 7.2%. The cooling of price pressures was primarily due to a slower increase in prices for food.

In addition, the trend pointed down, with annual average inflation coming in at 8.5% in March (February: 9.2%).

Lastly, consumer prices rose a seasonally adjusted 0.42% in March over the previous month, coming in below February’s 0.81% increase.

Commenting on the reading, ING’s Stefan Posea and Valentin Tataru stated:

“We continue to see inflation trending down towards our 4.8% year-end call, which we maintain. Upside risks come from rising consumer demand and still-sharp wage growth, which we think will continue, as well as from the latest oil price and fiscal developments.”

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