Romania Inflation


Romania: Inflation eases in November

December 11, 2014

In November, consumer prices fell 0.19% over the previous month, which contrasted the 0.19% increase observed in October. According to the National Institute of Statistics (INSSE), November’s result reflected lower prices for food and non-food goods, which were partly offset by higher prices for services.

Annual headline inflation inched down from 1.4% in October to 1.3% in November. The figure was below the 1.6% the markets had expected. Inflation remains below the lower boundary of Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation inched down from 1.2% in October to 1.1% in November, which marked the lowest rate on record.

The Central Bank foresees inflation of 1.5% in 2014 and 2.2% in 2015. FocusEconomics Consensus Forecast panelists see inflation at 2.0% by the end of 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, panelists forecast inflation at 2.9%, which is unchanged from last month’s estimate.

Author:, Senior Economist

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Romania Inflation Chart

Romania Inflation November 2014

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

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