Romania Inflation January 2020

Romania

Romania: Inflation slips in January

February 13, 2020

Consumer prices rose 0.4% month-on-month in January, matching December’s climb. The largest increase was recorded for prices for food, followed by non-food goods and services.

Inflation slipped to 3.6% in January from 4.0% in December, which had marked a five-month high, thus landing slightly above the Central Bank’s 1.5%–3.5% target range. Meanwhile, annual average inflation inched up to 3.9% in January from 3.8% in December.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see inflation averaging 3.3%.


Author:, Economist

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Romania Inflation January 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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