Inflation in Romania
Romania - Harmonized Inflation
Inflation comes in at highest level since October 2003 in June
Consumer prices increased a seasonally-adjusted 0.76% from the previous month in June, a smaller increase than the 1.18% rise logged in May. The slowdown was largely driven by softer growth in prices for food. In addition, price pressures for non-food goods eased.
Meanwhile, inflation came in at 15.1% in June, which was up from May’s 14.5%. June's reading was the highest inflation rate since October 2003. Annual average inflation rose to 9.2% in June (May: 8.3%).
Our panelists see inflation averaging 11.9% in 2022, which is up 1.4 percentage points from last month’s forecast, and 7.1% in 2023.
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|
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July 13, 2022
Industrial production grew 6.4% year on year in May (April: -9.0% yoy).
July 12, 2022
Consumer prices increased a seasonally-adjusted 0.76% from the previous month in June, a smaller increase than the 1.18% rise logged in May.
July 6, 2022
At its meeting on 6 July, the National Bank of Romania (NBR) raised the policy rate to 4.75% from May’s 3.75%.
June 14, 2022
Industrial output nosedived 8.7% year on year in April (March: -1.9% yoy).
June 10, 2022
Consumer prices rose a seasonally-adjusted 1.18% in May over the previous month, slowing down from April's 3.74% increase.