Inflation in Romania
Romania - Harmonized Inflation
Inflation falls to over two-and-a-half year low in May
Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise. May's result marked the softest rise in prices since July 2019. Looking at the details of the release, food prices rose at a slower pace in May, while price pressures for non-food goods fell at a slower pace. Meanwhile, services prices increased at a quicker pace compared to the previous month.
Inflation fell to 2.3% in May, down from April’s 2.7%. May's reading was the lowest inflation rate since September 2017. Accordingly, the trend pointed down mildly, with annual average inflation coming in at 3.4% in May (April: 3.6%). Core inflation fell to 0.2% from April’s 0.5%.
FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists see inflation averaging 2.8%.
Romania - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.4||-1.1||1.1||4.1||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Romania Harmonized Inflation Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 12, 2020
Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise.
June 12, 2020
Industrial output fell 38.6% year-on-year in April (March: -14.5% yoy) marking the sharpest contraction on record.
June 9, 2020
A second reading confirmed economic activity waned in the first quarter, with GDP growth moderating to 2.4% year-on-year, down from Q4’s 4.3% expansion.
May 29, 2020
In an unscheduled meeting held on 29 May, the National Bank of Romania (NBR) cut the policy rate by 25 basis points to 1.75% and the lending facility (Lombard) rate by 25 basis points to 2.25%.
May 15, 2020
GDP growth moderated to 2.4% year-on-year in the first quarter from the 4.3% expansion tallied in the final quarter of 2019, according to a flash estimate released by the Statistical Institute on 15 May.