Romania Inflation September 2020

Romania

Romania: Inflation drops to four-month low in September

October 12, 2020

Consumer prices dropped a seasonally-adjusted 0.14% in September over the previous month, following the 0.05% drop recorded in August. September's result marked the sharpest fall in prices since July 2019. The figure was primarily driven by falling prices for food and non-food goods.

Inflation came in at 2.5% in September, edging down from August’s 2.7% and marking the lowest reading since May. Accordingly, annual average inflation dropped to 3.0% in September (August: 3.1%).

FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, panelists see inflation also averaging 2.7%.


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Romania Inflation September 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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