Romania's annual inflation rate fell to a four-month low of 3.8 percent in June 2019 from 4.1 percent in the previous month and compared to market estimates of 3.9 percent. Prices rose at softer pace for both food (5 percent vs 5.2 percent in May) and non-food products (2.9 percent vs 3.3 percent). Meantime, services inflation was steady at 4.3 percent. On a monthly basis, consumer prices dropped by 0.2 percent, the first monthly fall in seven months, reversing a 0.5 percent rise in May. Inflation Rate in Romania averaged 43.60 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 3.80 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.