Latest reading: Inflation came in at 35.4% in May, which was down from April’s 37.9%. May’s figure marked the lowest...
Inflation in Romania
In the year 2024, the inflation in Romania was 5.61%, compared to 1.07% in 2014 and 10.53% in 2023. It averaged 4.21% over the last decade. For more inflation information, visit our dedicated page.
Romania Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Romania from 2014 to 2024.
Source: Macrobond.
Romania Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.6 | 5.0 | 13.7 | 10.5 | 5.6 |
| Inflation (CPI, ann. var. %, eop) | 2.1 | 8.2 | 16.4 | 6.6 | 5.1 |
| Inflation (HICP, ann. var. %, aop) | 2.3 | 4.1 | 12.0 | 9.7 | 5.8 |
| Inflation (Core, ann. var. %, eop) | 3.8 | 4.8 | 13.8 | 8.4 | 6.0 |
| Inflation (PPI, ann. var. %, aop) | 0.0 | 14.9 | 43.6 | 4.7 | -2.2 |
Inflation declines in April
Latest reading: Inflation inched down to 4.8% in April from March’s 4.9%, falling short of market expectation but remaining above the Central and Eastern Europe average. The marginal decline reflected softer price pressures for non-food goods and services, which broadly offset a faster rise in food costs. As a result, the trend pointed down, with annual average inflation edging down to 5.0% in April (March: 5.1%). Lastly, consumer prices rose 0.07% in April over the previous month, which was below the 0.27% rise logged in March. April's result marked the softest rise in prices since May 2024.
Panelist insight: Commenting on the outlook, Emerging Market Watch analysts stated: “The government extended the price caps in energy for three months for electricity and one year for gas, so upside pressure from energy was postponed. Consumption will probably keep on tempering down, but a modest excess demand persists, so producers might have room to transfer to final prices part of the negative effects of tax breaks' elimination in some fields. Financial markets turmoil in May caused by the presidential election result in the first round will probably exert some upward pressure on inflation over currency depreciation.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian inflation projections for the next ten years from a panel of 26 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Romanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian inflation projections.
Want to get access to the full dataset of Romanian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Turkey: Inflation declines to lowest level since November 2021 in May -
Euro Area: Harmonized inflation drops to lowest level since September 2024 in May Latest reading: Harmonized inflation fell to 1.9% in May, slightly below April’s 2.2% and the ECB’s 2.0% target. May’s result... -
Kazakhstan: Inflation rises to a near two-year high in May Latest reading: Inflation climbed to 11.3% in May from April’s 10.7%, marking the highest rate since September 2023. The reading... -
Kenya: Inflation eases and remains below midpoint of target range in May Latest reading: Inflation eased to 3.8% in May from April’s eight-month high of 4.1%. As a result, the reading remained... -
Australia: Inflation remains steady and within target in April Latest reading: Inflation was stable at 2.4% for the third consecutive month in April, slightly above market estimates but remaining... -
Kuwait: Inflation drops to lowest level since September 2020 in April Latest reading: Inflation came in at 2.3% in April, down from March’s 2.4%. April’s reading marked the lowest inflation rate... -
Singapore: Inflation remains at March’s level in April Latest reading: Inflation came in at 0.9% in April, matching March’s reading. April’s figure represented the join-weakest inflation rate since...