Romania Inflation

Romania

Romania: Inflation falls to record low in May

June 12, 2014

In May, consumer prices were virtually unchanged over the previous month, which was below the 0.27% increase recorded in April. According to the National Institute of Statistics (INSSE), May’s result showed that lower prices for food goods and services offset higher prices for non-food goods.

Annual headline inflation fell from 1.2% in April to 0.9% in May, which marked the lowest rate on record. Inflation is still below the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation fell from 2.5% in April to a record low of 2.2% in May.

The Central Bank foresees inflation ending 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation of 3.9% by the end of 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, panelists anticipate 3.6% inflation.


Author:, Senior Economist

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Romania Inflation May 2014 0

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


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