Romania Inflation February 2022

Romania

Romania: Inflation rises to near 13-year high in February

March 14, 2022

Consumer prices increased a seasonally-adjusted 0.58% in February over the previous month, easing from January's 1.48% rise. Looking at the details of the release, prices for non-food items declined in February, while services prices rose at a softer pace. Contrastingly, food price inflation accelerated in the month.

Inflation inched up to 8.5% in February, following January’s 8.3% and representing the highest inflation rate since July 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.9% in February (January: 5.5%).

FocusEconomics Consensus Forecast panelists see inflation averaging 7.8% in 2022, which is up 1.6 percentage points from last month’s forecast. For 2023, panelists see inflation averaging 4.2%.


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Romania Inflation February 2022

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


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