Romania Inflation November 2019


Romania: Inflation rebounds in November

December 11, 2019

Consumer prices rose 0.2% month-on-month in November, down from October’s 0.4% increase. The largest increase was recorded for prices for food, while prices for non-food goods and services ticked up.

Inflation logged 3.8% in November from October’s 3.4%, which had marked the lowest print since January 2019, and thus moved above the upper bound of the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation ticked up to 3.8%, from 3.7% in October.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.4% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 3.2%.

Author: Massimo Bassetti, Economist

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Romania Inflation Chart

Romania Inflation November 2019

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

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