Inflation in Romania
Romania - Inflation
Inflation drops to four-month low in September
Consumer prices dropped a seasonally-adjusted 0.14% in September over the previous month, following the 0.05% drop recorded in August. September's result marked the sharpest fall in prices since July 2019. The figure was primarily driven by falling prices for food and non-food goods.
Inflation came in at 2.5% in September, edging down from August’s 2.7% and marking the lowest reading since May. Accordingly, annual average inflation dropped to 3.0% in September (August: 3.1%).
FocusEconomics Consensus Forecast panelists see inflation averaging 2.7% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, panelists see inflation also averaging 2.7%.
Romania - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.6||-1.5||1.3||4.6||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Romania 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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October 14, 2020
Industrial production slid 5.1% on a working-day and seasonally-adjusted year-on-year basis in August, a softer contraction than July’s 8.1% drop and marking the best reading since February.
October 12, 2020
Consumer prices dropped a seasonally-adjusted 0.14% in September over the previous month, following the 0.05% drop recorded in August.
September 14, 2020
Industrial production declined 9.9% on a working-day and seasonally-adjusted year-on-year basis in July, a smaller contraction than June’s 14.3% drop.
September 10, 2020
Consumer prices dropped a seasonally-adjusted 0.05% from the previous month in August, broadly stable from the flat result seen in July.
September 9, 2020
A second release showed that the economy contracted 10.5% on an annual basis in Q2, contrasting Q1’s 2.4% growth, as Covid-19 containment measures took their toll.