Inflation in Romania
Romania - Harmonized Inflation
Inflation decreases in October
Inflation eased to 15.3% in October from September’s 15.9%. The reading was driven by a smaller increase in prices for non-food goods. That said, food inflation continued to accelerate.
Annual average inflation rose to 12.3% in October (September: 11.7%).
Finally, consumer prices increased a seasonally adjusted 1.28% in October over the previous month, below the 1.33% increase seen in September.
Our panelists see inflation averaging 9.5% in 2023, which is up 1.2percentage points from last month’s forecast, and 4.5% in 2024.
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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Romania: Economic growth speeds up in Q3, but downward revisions take the shine off the H1 performance
November 15, 2022
According to a preliminary estimate, growth picked up in the third quarter, with GDP expanding 4.7% on an annual basis (Q2: +3.9% year on year).
November 14, 2022
Industrial output increased 1.6% in year-on-year terms in September, which contrasted August's 0.3% decrease.
November 11, 2022
Inflation eased to 15.3% in October from September’s 15.9%.
November 8, 2022
At its 8 November meeting, the National Bank of Romania (NBR) raised the policy rate to 6.75% from 6.25%.
October 12, 2022
Industrial production dropped 0.3% year on year in August (July: -0.7% yoy).