Romania Inflation

Romania

Romania: Inflation jumps in May

June 11, 2015

In May, consumer prices rose 0.5% over the previous month, which came in above the 0.1% increase observed in April and represented the largest rise since January 2014. According to the National Institute of Statistics (INSSE), May’s result reflected higher prices for all categories that comprise the index, including food, goods and services.

Headline inflation jumped from 0.7% in April to 1.2% in May, marking the highest reading in half a year. As a result, inflation moved closer to the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5% target. Annual average inflation in May remained at April’s 0.9%.

Consensus Forecast panelists see inflation at 0.4% at the end of 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, panelists forecast inflation of 1.6%.


Author: Teresa Kersting, Economist

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Romania Inflation Chart


Romania Inflation May 2015 0

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


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