Romania Inflation December 2019


Romania: Inflation edges up in December

January 15, 2020

Consumer prices rose 0.4% month-on-month in December, up from November’s 0.2% uptick. The largest increase was recorded for prices for food, while prices for non-food goods and services ticked up.

Inflation logged 4.0% in December from November’s 3.8%, marking the highest print since July, and thus moved further above the upper bound of the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation was stable at November’s 3.8% in December.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.4% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 3.2%.

Author: Massimo Bassetti, Economist

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Romania Inflation Chart

Romania Inflation December 2019

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

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