Romania Inflation December 2020

Romania

Romania: Inflation stable in December

January 14, 2021

Consumer prices rose 0.34% over the previous month in December, picking up from November's 0.13% increase. December's figure marked the sharpest increase in prices since March. December’s upturn largely reflected rebounding rising prices for food, while price pressures for non-food goods picked up.

Inflation came in at 2.1% in December, unchanged from November’s reading, which had marked the lowest inflation rate since September 2017. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 2.6% in December (November: 2.8%). Lastly, core inflation edged down to 2.9% from November’s 3.1%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2021, which is unchanged from last month’s forecast. For 2022, panelists see inflation also averaging 2.7%.


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Romania Inflation December 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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