Inflation in Romania
Romania - Inflation
Inflation increases to over one-year high in May
Consumer prices increased 0.53% from the previous month in May, picking up from the 0.45% rise logged in April. May's figure was the sharpest increase in prices since January, and was primarily driven by rising prices for food.
Inflation came in at 3.8% in May, up from April’s 3.2%. May's result was the highest inflation rate since December 2019. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.8% in May (April: 2.6%). Lastly core inflation rose to 3.1% in May, from the previous month's 2.8%.
FocusEconomics Consensus Forecast panelists see inflation averaging 3.3% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, panelists see inflation averaging 2.9%.
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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June 14, 2021
Industrial output rose 63.1% in year-on-year terms in April, which followed March's 13.0% increase.
June 11, 2021
Consumer prices increased 0.53% from the previous month in May, picking up from the 0.45% rise logged in April.
June 8, 2021
A second release confirmed that GDP dropped at a more moderate pace of 0.2% year-on-year in the first quarter, following the 1.4% contraction recorded in the fourth quarter of last year.
May 18, 2021
A flash estimate showed that GDP shrank 0.2% in year-on-year terms in the first quarter of 2021, moderating notably from Q4 2020’s 1.4% decline. Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, economic activity grew 2.8% in Q1 (Q4 2020: +4.6% s.a.
May 13, 2021
Consumer prices rose 0.45% over the previous month in April, above the 0.38% increase logged in March.