Romania Inflation October 2018

Romania

Romania: Inflation drops to 10-month low in October

November 12, 2018

Consumer prices rose 0.5% over the previous month in October, matching September’s increase. Higher prices for food, non-food goods and for services drove the result, with prices for food growing the most. Vegetables and fuels recorded the strongest increases in prices, while fruit and tinned fruit recorded the largest decrease.

Inflation fell from September’s 5.0% to a 10-month low of 4.3% in October, but nevertheless remained above the Central Bank’s target range of 1.5%–3.5%, where it has been for 10 consecutive months. Meanwhile, annual average inflation rose from 4.5% in September to 4.6% in October, the highest level since September 2013.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect average inflation of 3.0%.


Author: Massimo Bassetti, Economist

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Romania Inflation Chart


Romania Inflation October 2018

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


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