Romania Inflation

Romania

Romania: Inflation moderates in August

September 10, 2014

In August, consumer prices fell 0.31% over the previous month, which was below the 0.05% fall observed in July. The figure marked the fastest decrease since September 2013. According to the National Institute of Statistics (INSSE), August’s result reflected lower prices for food and non-food goods, while services recorded higher prices compared to the previous month.

Annual headline inflation fell from 1.0% in July to 0.8% in August. Inflation is still below the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation fell from 1.5% in July to a record low of 1.2% in August.

The Central Bank foresees inflation ending 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation of 3.4% by the end of 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists anticipate 3.2% inflation.


Author:, Senior Economist

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Romania Inflation August 2014

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


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