Romania's annual inflation rate edged up unexpectedly to 4.1 percent in April 2019 from 4.0 percent in the previous month while markets had estimated 3.9 percent. This was the highest inflation rate since October last year, as cost rose faster for both food (5.0 percent vs 4.5 percent) and services (3.8 percent vs 3.2 percent). Meantime, inflation slowed for non-food products (3.7 percent vs 4.2 percent). On a monthly basis, consumer prices increased by 0.6 percent in April, following a 0.5 percent gain in March. Inflation Rate in Romania averaged 43.84 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.
Inflation Rate in Romania is expected to be 3.60 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 3.20 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.