Romania Inflation March 2020

Romania

Romania: Inflation remains stable at over two-year low in March

April 10, 2020

Consumer prices rose 0.5% month-on-month in March, up from February’s 0.3% climb. The largest increase was recorded for prices for food, followed by services while prices for non-food goods dropped.

Meanwhile, inflation held steady at February’s 3.1% in March, the lowest print since October 2017. Thus, it remained within the Central Bank’s 1.5%–3.5% target range. For its part, annual average inflation inched down to 3.7% in March from 3.8% in the previous month.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.5% in 2020, which is down 0.8 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 3.3%.


Author:, Economist

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Romania Inflation March 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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