Romania Inflation


Romania: Inflation exceeds Central Bank target

January 11, 2013

In December, consumer prices rose 0.6% over the previous month, which was well above both the virtually flat reading recorded in November and market expectations of a 0.3% rise. The monthly jump was the result of higher prices for food and non-food items, which overcompensated for lower prices for services.

Annual headline inflation climbed from 4.6% in November to 5.0% in December, above the Central Bank's tolerance margin of 3.0% plus/minus 1.0%. The reading exceeded both market expectations of a 4.6% rate and the 3.1% recorded in December 2011. Annual average inflation inched up from 3.2% in November to 3.3% in December.


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Romania Inflation Chart

Romania Inflation December 2012

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

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