Romania Inflation Steady at Over 2-Year High

Romania’s inflation rate edged down to 9.3% year-on-year in February 2026 from 9.6% in the previous month, slightly lower from market expectations of a 9.4% growth. Price growth slowed in services (11.37% vs 11.59% in January), particularly in water supply, sewage collection, refuse collection (17.21% vs 17.59%), medical care (12.59% vs 13.16%), hygiene and cosmetics (15.94% vs 17.75%), and urban transport (10.02% vs 11.23%). At the same time, inflation increased at a slower pace in non-food goods (9.41% vs 9.99%). In contrast, costs grew in food products (7.89% vs 7.86%). On a monthly basis, consumer prices grew by 0.59% in February, easing from a 0.86% gain in the preceding period.

Romania’s inflation rate edged down to 9.6% year-on-year in January 2026, from 9.7% in the previous month, marking the lowest reading since July 2025. Price growth slowed in services (11.59% vs. 11%), particularly in making and repairing clothing and footwear (14.87% vs. 15.12%), urban transport (11.23% vs. 13.75%), and restaurants, cafés, and canteens (11.68% vs. 12.01%). However, costs increased for food products (7.86% vs. 7.75%) and non-food products (9.99% vs. 10.48%). On a monthly basis, consumer prices rose by a five-month high of 0.86%, following a 0.22% increase in the previous period.

Romania’s annual inflation rate edged down to 9.7% in December 2025 from 9.8% in the previous two months. This marked the lowest reading in five months as price growth slowed for non-food products (10.48% vs 10.73% in November) and food products (7.75% vs 7.64%). Meanwhile, costs increased for services (11% vs 10.99%), particularly in making and repairing clothing and footwear (15.12%), medical care (13.59%), and hygiene and cosmetics (17.65%). On a monthly basis, consumer prices grew by 0.22%, easing from 0.46% in the preceding period. Meanwhile, the harmonised index of consumer prices (HCIP) remained unchanged at 8.6% year-on-year, with a monthly increase of 0.23% in December.