Romania's annual inflation rate declined to 2.7 percent in April 2020 from 3.1 percent in the previous month, above market estimates of 2.5 percent. It was the lowest inflation rate since October 2017, as inflation slowed for both non-food products (0.5 percent vs 1.4 percent in March) and services (3.1 percent vs 3.8 percent). Meantime, food inflation accelerated (5.7 percent vs 5.1 percent). On a monthly basis, consumer prices went up 0.3 percent in April, following a 0.5 percent gain in March.
Inflation Rate in Romania averaged 42.43 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 May of 2020. source: Institutul National de Statistica
Inflation Rate in Romania is expected to be 2.80 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 3.00 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 2.80 percent in 2021, according to our econometric models.