Romania Inflation August 2020

Romania

Romania: Inflation slides in August

September 10, 2020

Consumer prices dropped a seasonally-adjusted 0.05% from the previous month in August, broadly stable from the flat result seen in July. August's result marked the sharpest fall in prices since July 2019. The result was driven by a decline in prices for food goods. Meanwhile, prices for non-food goods and services rose at a softer pace compared to July.

Inflation came in at 2.7% in August, which followed July’s 2.8%. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 3.1% in August (July: 3.2%). Lastly, core consumer prices remained unchanged year-on-year in August, following July's 0.1% decrease.

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


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Romania Inflation August 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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