Romania: Inflation inches down in September
October 10, 2018
Consumer prices rose 0.5% over the previous month in September, following August’s softer 0.3% increase. Higher prices for food, non-food goods and for services drove the result, with prices for food goods growing the most. Vegetables and fuels recorded the strongest increases in prices, while fruit and tinned fruit recorded the largest decrease.
Inflation dipped from August’s 5.1% to 5.0% in September and thus remained above the Central Bank’s target range of 1.5%–3.5%, where it has been for nine consecutive months. Meanwhile, annual average inflation rose from 4.2% in August to 4.5% in September, the highest level since October 2013.
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%, also unchanged from last month’s projection.