Romania's annual inflation rate eased to 4.3 percent in October 2018 from 5 percent in the previous month, but above market expectations of 4.1 percent. It was the lowest inflation rate since January, as cost rose at a softer pace for both food (3.7 percent vs 4.4 percent in September) and non-food products (5.3 percent vs 6.6 percent). Meanwhile, service inflation picked up slightly to 2.7 percent from 2.5 percent in September. On a monthly basis, consumer prices rose 0.5 percent. Inflation Rate in Romania averaged 44.58 percent from 1991 until 2018, 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 3.50 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 3.30 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.