Romania Inflation May 2020

Romania

Romania: Inflation falls to over two-and-a-half year low in May

June 12, 2020

Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise. May's result marked the softest rise in prices since July 2019. Looking at the details of the release, food prices rose at a slower pace in May, while price pressures for non-food goods fell at a slower pace. Meanwhile, services prices increased at a quicker pace compared to the previous month.

Inflation fell to 2.3% in May, down from April’s 2.7%. May's reading was the lowest inflation rate since September 2017. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 3.4% in May (April: 3.6%). Core inflation fell to 0.2% from April’s 0.5%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 2.8%.


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Romania Inflation May 20 20

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


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