Romania Inflation June 2019

Romania

Romania: Inflation recedes in June

July 10, 2019

Consumer prices declined 0.2% month-on-month in June, the lowest reading in 11 months, following May’s 0.5% increase. June’s drop reflected lower prices for food and non-food goods.

Inflation decelerated to 3.8% in June (May: 4.1%), closing in to the upper bound of the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation inched down to 4.1% from 4.2% in May.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.8% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, panelists see inflation averaging 3.2%.


Author:, Economist

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Romania Inflation June 2019

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


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