Romania Inflation December 2018


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%.

Author: Massimo Bassetti, Senior Economist

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Romania Inflation Chart

Romania Inflation December 2018

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

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