Romania Inflation June 2020

Romania

Romania: Inflation rises in June

July 10, 2020

Consumer prices increased a seasonally-adjusted 0.08% from the previous month in June, picking up from May's 0.05% rise. Looking at the details of the release, services prices rose at a quicker pace in June compared to the previous month, while price pressures for non-food goods increased.

Inflation came in at 2.6% in June, above May’s 2.3% print. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.3% in June (May: 3.4%). Core inflation fell to 0.1% from May’s 0.2%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.6% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 2.8%.


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Romania Inflation June 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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