Romania Inflation May 2017

Romania

Romania: Inflation stable but below target range in May

June 12, 2017

In May, consumer prices rose 0.3% compared to the previous month, which met market expectations and marked the highest level in 2 years–although April registered the same increase in prices. May’s print was broad-based as all subcategories recorded increased prices; the subcategories food and services recorded the greatest increases.

Inflation in May came in at 0.6%, the same reading as the previous month but it remains well below the target range of 1.5%-3.5% set by the Central Bank. Inflation has been below the target range since September 2014. Annual average inflation edged up from April’s minus 0.5% to minus 0.2% in May, the highest level in 18 months.

FocusEconomics Consensus Forecast panelists see consumer prices rising 1.2% on average in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists expect average inflation of 2.8%.


Author:, Economist

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Romania Inflation May 2017

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


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