Romania Inflation

Romania

Romania: Inflation falls in December

January 14, 2015

In December, consumer prices fell 0.10% over the previous month, which followed the 0.19% decrease observed in November. According to the National Institute of Statistics (INSSE), December’s result reflected lower prices for non-food goods, which were partly offset by higher prices for services and food goods.

Annual headline inflation fell from 1.3% in November to 0.8% in December, which met market expectations and marked the lowest rate in six months. Inflation remains well below the lower boundary of the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation remained at November’s 1.1% in December, which had marked the lowest rate on record.

The Central Bank foresees inflation of 2.2% in 2015. FocusEconomics Consensus Forecast panelists see inflation at 2.0% by the end of 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists forecast inflation at 2.9%.


Author:, Senior Economist

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Romania Inflation Chart


Romania Inflation December 2014

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


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