Romania Inflation

Romania

Romania: Inflation inches down in October

November 11, 2014

In October, consumer prices rose 0.19% over the previous month, which followed the 0.12% increase observed in September. The figure marked the fastest increase in six months. According to the National Institute of Statistics (INSSE), October’s result reflected higher prices for food and services, which were partly offset by lower prices for non-food goods.

Annual headline inflation inched down from 1.5% in September to 1.4% in October. As a result, inflation is now slightly below the lower boundary of Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation remained at September’s 1.2%, which had marked the lowest rate on record.

The Central Bank foresees inflation of 2.2% in 2014 and 3.0% in 2015. FocusEconomics Consensus Forecast panelists see inflation at 1.9% by the end of 2014, which is down 0.2 percentage points from last month’s forecast. For 2015, panelists forecast inflation at 2.9%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Romania Inflation Chart


Romania Inflation October 2014

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


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