Romania Inflation December 2021

Romania

Romania: Inflation hits over-decade high in December

January 14, 2022

Consumer prices increased 0.71% month-on-month in December, after flatlining in November. December’s result largely reflected higher prices for food, non-food products and for services.

Inflation accelerated to 8.2% in December, up from 7.8% in November, logging the highest reading in over a decade. Accordingly, the trend pointed up, with annual average inflation coming in at 5.1% in December from 4.5% in November.

FocusEconomics Consensus Forecast panelists see inflation averaging 5.7% in 2022, which is up 0.6 percentage points from last month’s forecast. For 2023, panelists see inflation averaging 3.6%.


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Romania Inflation December 2021

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


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