Romania Inflation April 2018

Romania

Romania: Inflation hits fresh multi-year high in April

May 14, 2018

Consumer prices jumped 0.5% in April over the previous month, above March’s 0.3% rise. Behind the increase were higher prices for non-food and food goods, as well as for services. The strongest increases were recorded for tobacco and cigarettes; and for electricity.

Inflation came in at a fresh multi-year high of 5.2% in April, up from 5.0% in March. As a result, inflation moved further above the Central Bank’s target range of 1.5%–3.5%. Consequently, annual average inflation rose from 2.5% in March to 2.9% in March, the highest level since March 2014.

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, Economist

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Romania Inflation April 2018

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


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