Romania's annual inflation rate declined to 2.3 percent in May 2020 from 2.7 percent in the previous month, below market estimates of 2.4 percent. It was the lowest inflation rate since September 2017, as inflation slowed for non-food products (0.2 percent vs 0.5 percent in April); services (2.6 percent vs 3.1 percent) and food (5.3 percent vs 5.7 percent). On a monthly basis, consumer prices edged up 0.1 percent in May, following a 0.3 percent rise in April.

Inflation Rate in Romania averaged 42.31 percent from 1991 until 2020, reaching an all time high of 316.90 percent in November of 1993 and a record low of -3.50 percent in May of 2016. This page provides - Romania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Institutul National de Statistica

Inflation Rate in Romania is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Romania to stand at 2.40 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 3.10 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Romania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.70 316.90 -3.50 1991 - 2020 percent Monthly
1990=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-11 07:00 AM Feb 3.05% 3.6% 3.1% 3.2%
2020-04-10 06:00 AM Mar 3.1% 3.1% 2.8% 2.9%
2020-05-13 06:00 AM Apr 2.7% 3.1% 2.5% 2.6%
2020-06-12 06:00 AM May 2.3% 2.7% 2.4% 2.5%
2020-07-10 06:00 AM Jun 2.3% 2.5% 2.4%
2020-08-12 06:00 AM Jul
2020-09-10 06:00 AM Aug
2020-10-12 06:00 AM Sep 2.1%


News Stream
Romanian Inflation Rate at Over 2-1/2-Year Low
Romania's annual inflation rate declined to 2.3 percent in May 2020 from 2.7 percent in the previous month, below market estimates of 2.4 percent. It was the lowest inflation rate since September 2017, as inflation slowed for non-food products (0.2 percent vs 0.5 percent in April); services (2.6 percent vs 3.1 percent) and food (5.3 percent vs 5.7 percent). On a monthly basis, consumer prices edged up 0.1 percent in May, following a 0.3 percent rise in April.
2020-06-12
Romanian Inflation Rate at 2-1/2 Year Low of 2.7%
Romania's annual inflation rate declined to 2.7 percent in April 2020 from 3.1 percent in the previous month, above market estimates of 2.5 percent. It was the lowest inflation rate since October 2017, as inflation slowed for both non-food products (0.5 percent vs 1.4 percent in March) and services (3.1 percent vs 3.8 percent). Meantime, food inflation accelerated (5.7 percent vs 5.1 percent). On a monthly basis, consumer prices went up 0.3 percent in April, following a 0.5 percent gain in March.
2020-05-13
Romanian Inflation Rate Stays at Near 2-1/2 Year Low
Romania's annual inflation rate came in at 3.1 percent in March 2020, unchanged from the previous month and more than market estimates of 2.8 percent. Still, it remained the lowest inflation rate since October 2017, as non-food products inflation eased (1.4 percent vs 2.0 percent in February) while services inflation was steady (at 3.8 percent). Meantime, food inflation accelerated (5.1 percent vs 4.1 percent). On a monthly basis, consumer prices went up 0.5 percent in March, following a 0.3 percent gain in February.
2020-04-10
Romanian Inflation Rate Eases to Near 2-1/2 Year Low
Romania's annual inflation rate decreased to 3.1 percent in February 2019 from 3.6 percent in the previous month and matching market estimates. This was the lowest inflation rate since October 2017, as prices rose softer for: food (4.1 percent vs 4.8 percent in January); non-food products (2.0 percent vs 2.7 percent), and services (3.8 percent vs 4.0 percent). On a monthly basis, consumer prices went up 0.3 percent in February, following a 0.4 percent gain in January.
2020-03-11

Romania Inflation Rate
In Romania, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.