Producer prices in Romania increased by 3.30 percent from a year earlier in June 2019, slowing from a marginally revised 4.78 percent rise in the prior month. It was the lowest producer inflation since July 2017, as prices rose softer for: energy (4.67 percent vs 9.18 percent in May); capital goods (2.09 percent vs 2.71 percent); intermediate goods (2.61 percent vs 3.67 percent), and durable consumer goods (3.51 percent vs 3.69 percent). Meanwhile, prices went up faster for non-durable consumer goods (4.20 percent vs 4.16 percent). On a monthly basis, producer prices edged down 0.78 percent. Producer Prices Change in Romania averaged 4 percent from 2006 until 2019, reaching an all time high of 16.70 percent in July of 2008 and a record low of -3.40 percent in February of 2016.
Producer Prices Change in Romania is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Romania to stand at 2.60 in 12 months time. In the long-term, the Romania Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.