Romania Inflation November 2020


Romania: Inflation recedes in November

December 11, 2020

Consumer prices increased 0.13% from the previous month in November, moderating from the 0.22% rise logged in October. The slowdown was broad-based, with lower price pressures recorded for non-food goods and services, while prices for food swung into contraction in November.

Inflation came in at 2.1% in November, following from October’s 2.2% and marking the lowest inflation rate since September 2017. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 2.8% in November (October: 2.9%). Lastly, core inflation fell to 3.1% from the previous month's 3.2%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2021, which is unchanged from last month’s forecast. For 2022, panelists see inflation also averaging 2.7%.


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Romania Inflation Chart

Romania Inflation November 20 20

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

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