Romania Inflation April 2020

Romania

Romania: Inflation falls to over two-year low in April

May 13, 2020

Consumer prices increased a seasonally-adjusted 0.26% from the previous month in April, below the 0.50% rise recorded in March. The reading was largely driven by lower prices for non-food items.

Inflation came in at 2.7% in April, slightly below March’s 3.1%. April's reading was the lowest inflation rate since October 2017. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 3.6% in April (March: 3.7%). Lastly, core inflation fell to 0.5% from March’s 0.8%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.6% 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 April 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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