Romania Inflation August 2019


Romania: Inflation recedes in August

September 11, 2019

Consumer prices rose 0.1% month-on-month in August, contrasting July’s 0.2% decline. August’s upturn reflected higher prices for non-food goods and services.

Inflation eased to 3.9% in August (July: 4.1%), thus moving closer to the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation came in at 3.9%, inching down from July’s 4.0%.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.9% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see inflation averaging 3.3%, which is also unchanged from last month’s forecast.


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Romania Inflation Chart

Romania Inflation August 2019

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

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