Romania's annual inflation rate increased to 3.75 percent in May of 2021 from 3.24 percent a month earlier and above market estimates of 3.5 percent. It was the highest inflation rate since December 2019, due to a faster rise in prices of services (2.8 percent vs 2.6 percent in April), non-food products (5.7 percent vs 5.2 percent) and food products (1.5 percent vs 0.8 percent). On a monthly basis, consumer prices rose 0.5 percent in May, the same pace as in April. source: Institutul National de Statistica
Inflation Rate in Romania averaged 40.98 percent from 1991 until 2021, 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 June of 2021.
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 2.40 in 12 months time. In the long-term, the Romania Inflation Rate is projected to trend around 2.80 percent in 2022, according to our econometric models.