Romania's annual inflation rate increased to 4.0 percent in December 2019 from 3.8 percent in the previous month and compared to market estimates of 3.9 percent. This was the highest inflation rate since July, as prices rose faster for both food (5.1 percent vs 4.9 percent) and non-food products (3.3 percent vs 2.8 percent). At the same time, inflation was steady for services (at 4.2 percent). On a monthly basis, consumer prices went up 0.4 percent in December, following a 0.2 percent gain in November. Inflation Rate in Romania averaged 42.89 percent from 1991 until 2019, 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. source: Institutul National de Statistica
Inflation Rate in Romania is expected to be 3.10 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 3.00 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.