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.
Inflation Rate in Romania averaged 41.86 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 October of 2020. source: Institutul National de Statistica
Inflation Rate in Romania is expected to be 2.50 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 2.80 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 3.10 percent in 2021 and 2.80 percent in 2022, according to our econometric models.