Romania Inflation October 2019

Romania

Romania: Inflation recedes to a nine-month low in October

November 12, 2019

Consumer prices rose 0.4% month-on-month in October, up from September’s 0.1% result. Notably, prices for food rebounded from a month earlier, while prices for non-food goods ticked up.

Inflation logged 3.4% in October (September: 3.5%), the lowest print since January 2019, landing below the upper bound of the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation ticked down to 3.7%, from 3.8% in September.

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:, Economist

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Romania Inflation Chart


Romania Inflation October 2019

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


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