Romania: Inflation falls to one-year low in December
January 14, 2019
Consumer prices rose 0.2% over the previous month in December, contrasting November’s 0.1% month-on-month decline. Higher prices for food and services drove the result, offsetting lower prices for non-food goods. Vegetables and tobacco and cigarettes recorded the biggest increases in prices, while fuels recorded the largest decline
Inflation inched down from November’s 3.4% to a one-year low of 3.3% in December, thus remaining within the Central Bank’s target range of 1.5%–3.5%. Meanwhile, annual average inflation remained stable at November’s 4.6% in December.
Romania Inflation Forecast
FocusEconomics Consensus Forecast panelists see inflation averaging 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect average inflation of 3.0%.