Romania's annual inflation rate eased to an 11-month low of 3.4 percent in November 2018 from 4.3 percent in the previous month and below market estimates of 3.7 percent. Cost rose at a softer pace for all components: food (2.9 percent vs 3.7 percent in October), non-food products (4.2 percent vs 5.3 percent) and services (2.5 percent vs 2.7 percent). On a monthly basis, consumer prices fell 0.13 percent, following a 0.52 percent rise in October and marking the first monthly drop in four months. Inflation Rate in Romania averaged 44.45 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.