Producer prices in Romania increased by 6.3 percent from a year earlier in October 2018, accelerating from a 5.6 percent rise in the prior month. It was the highest producer inflation rate since October 2012 as prices rose at a faster pace for: energy (18.4 percent from 15.6 percent in September); non-durable consumer goods (2.3 percent from 2.0 percent); and capital goods (0.6 percent from 0.5 percent). Meantime, prices went up softer for both intermediate (5.2 percent from 5.6 percent) and durable consumer goods (2.2 percent from 2.3 percent). On a monthly basis, producer prices jumped 1.1 percent. Producer Prices Change in Romania averaged 3.97 percent from 2006 until 2018, 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 4.70 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 4.10 in 12 months time. In the long-term, the Romania Producer Prices Change is projected to trend around 3.60 percent in 2020, according to our econometric models.