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.