Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Romania
Consumer price inflation in Romania averaged 3.4% in the ten years to 2022, which was below the Eastern Europe regional average of 7.7%. The 2022 average figure was 13.7%. 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 2023.
Source: Macrobond.
Romania Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.8 | 2.6 | 5.0 | 13.7 | 10.5 |
| Inflation (CPI, ann. var. %, eop) | 4.0 | 2.1 | 8.2 | 16.4 | 6.6 |
| Inflation (HICP, ann. var. %, aop) | 3.9 | 2.3 | 4.1 | 12.0 | 9.7 |
| Inflation (Core, ann. var. %, eop) | 4.1 | 3.8 | 4.8 | 13.8 | 8.4 |
| Inflation (PPI, ann. var. %, aop) | 3.9 | 0.0 | 14.9 | 43.6 | 4.7 |
Inflation falls to lowest level since June 2021 in June
Inflation came in at 4.9% in June, which was down from May’s 5.1%. June's figure represented the lowest inflation rate in three years. Looking at the details of the release, the decline was broad-based, with prices pressures for food, non-food goods, and services all softening in June Meanwhile, annual average inflation fell to 7.2% in June (May: 7.6%). Lastly, consumer prices rose a seasonally adjusted 0.24% from the previous month in June, contrasting May's 0.11% fall.
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 28 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.
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