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.