Romania Inflation

Romania

Romania: Inflation hits multi-year low in January

February 16, 2015

In January, consumer prices rose 0.43% over the previous month, which contrasted the 0.10% drop observed in December. According to the National Institute of Statistics (INSSE), January’s result reflected higher prices for all of the subcomponents that comprise the index. Prices for food recorded the largest increases compared to the previous month.

Annual headline inflation edged down from 0.8% in December to 0.4% in January, which met market expectations and marked a multi-year low. Inflation is still well below the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation inched down from December’s 1.1% to 1.0% in January, which also marked a multi-year low.

The Central Bank foresees inflation of 2.2% in 2015. FocusEconomics Consensus Forecast panelists see inflation at 2.0% by the end of 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists forecast inflation at 2.9%.


Author:, Economist

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Romania Inflation Chart


Romania Inflation January 2015

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


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