Romania Inflation January 2018


Romania: Inflation hits a new multi-year high in January moving above the Central Bank's target

February 14, 2018

Consumer prices rose 0.8% in January over the previous month, which was well above December’s 0.3% increase. Behind the increase were higher prices for non-food and food goods, as well as for services. Among food prices, the strongest increases were recorded for fruit and vegetables; in the non-food category, prices for fuels and electricity rose the most.

Inflation came in at a multi-year high of 4.3% in January, up from 3.3% in December. As a result, inflation moved firmly above the Central Bank’s target range of 1.5%–3.5%. Meanwhile, annual average inflation rose from 1.3% in December to 1.7% in January, the highest level in over three years.

Romania Inflation Forecast

FocusEconomics Consensus Forecast panelists see inflation averaging 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect average inflation of 3.2%.

Author: Massimo Bassetti, Senior Economist

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Romania Inflation Chart

Romania Inflation January 2018

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

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