Romania's annual inflation rate came in at 2.1 percent in December 2020, unchanged from the previous month, still the least since September 2017, but above market estimates of a 2 percent growth. Inflation food eased to a 3-year low of 3.2 percent in December from 3.8 percent in November, while services inflation slowed to 2.7 percent in December from 2.8 percent in the prior month. Meantime, prices of non-food products continued to increase (1.0 percent vs 0.8 percent). On a monthly basis, consumer prices were up 0.3 percent in December, after a 0.1 percent growth in November. source: Institutul National de Statistica

Inflation Rate in Romania averaged 41.52 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 February of 2021.

Inflation Rate in Romania is expected to be 2.40 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 3.10 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 3.10 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Romania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.10 316.90 -3.50 1991 - 2020 percent Monthly
1990=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-12 06:00 AM Sep 2.5% 2.7% 2.8% 2.6%
2020-11-11 07:00 AM Oct 2.2% 2.5% 2.3% 2.3%
2020-12-11 07:00 AM Nov 2.1% 2.2% 2.2% 2.3%
2021-01-14 07:00 AM Dec 2.1% 2.1% 2% 2%
2021-02-12 07:00 AM Jan 2.1%
2021-03-11 07:00 AM Feb
2021-04-09 06:00 AM Mar
2021-05-13 06:00 AM Apr


News Stream
Romanian Inflation Rate Stays at Over 3-Year Low
Romania's annual inflation rate came in at 2.1 percent in December 2020, unchanged from the previous month, still the least since September 2017, but above market estimates of a 2 percent growth. Inflation food eased to a 3-year low of 3.2 percent in December from 3.8 percent in November, while services inflation slowed to 2.7 percent in December from 2.8 percent in the prior month. Meantime, prices of non-food products continued to increase (1.0 percent vs 0.8 percent). On a monthly basis, consumer prices were up 0.3 percent in December, after a 0.1 percent growth in November.
2021-01-14
Romanian Inflation Rate at Over 3-Year Low of 2.1%
Romania's annual inflation rate inched down to 2.1 percent in November 2020, the least since September 2017, from 2.2 percent in the previous month, and below market estimates of a 2.2 percent growth. Inflation food slowed to a 22-month low of 3.8 percent in November from 4.3 percent in October, while services inflation eased to 2.8 percent in November from 2.9 percent in the prior month. Meantime, prices of non-food products continued to increase (0.8 percent vs 0.6 percent).On a monthly basis, consumer prices edged up 0.1 percent in November, after a 0.2 percent rise in October.
2020-12-11
Romanian Inflation Rate at Over 3-Year Low of 2.2%
Romania's annual inflation rate decreased to 2.2 percent in October 2020, the least since September 2017, from 2.5 percent in the previous month, and below market estimates of a 2.3 percent rise. Inflation food eased to an eight-month low of 4.3 percent in October from 5.0 percent in September. Meantime, inflation was steady for both non-food products (at 0.6 percent) and services (at 2.9 percent). On a monthly basis, consumer prices were up 0.2 percent in October, after a 0.1 percent fall in September.
2020-11-11
Romania Inflation Rate at 4-Month Low of 2.5%
Romania's annual inflation rate decreased to 2.5 percent in September 2020, the least since May, from 2.7 percent in the previous month, and below market estimates of a 2.8 percent rise. Inflation food eased to a seven-month low of 5.0 percent in September from 5.5 percent in August. Also, inflation slowed for both non-food products (0.6 percent vs 0.8 percent) and services (2.9 percent vs 3.0 percent). On a monthly basis, consumer prices edged down 0.1 percent in September, the first monthly decline since July last year, after a 1.5 percent rise in August.
2020-10-12

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.