Romania's annual inflation rate increased to 14.49 percent in May of 2022 from 13.76 percent in the prior month. This was the highest reading since November 2003, as prices of food products accelerated further, rising the most since November 2003 (14.25 percent vs 13.54 percent in April). Additional upward pressure also came from cost of both services (7.47 vs 7.11 percent) and non-food products (17.18 vs 16.35 percent). On a monthly basis, consumer prices rose by 1.18 percent in May, the least in three months, easing from a 3.74 percent gain in April, which was the highest level since July 2000. source: Institutul National de Statistica
Inflation Rate in Romania averaged 39.91 percent from 1991 until 2022, 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 July of 2022.
Inflation Rate in Romania is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Inflation Rate is projected to trend around 3.20 percent in 2023 and 3.80 percent in 2024, according to our econometric models.