Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Romania
Consumer price inflation in Romania averaged 4.2% in the ten years to 2024, in line with the South-Eastern Europe regional average of 15.2%. The 2024 average figure was 5.6%. For more information on inflation, visit our dedicated page.
Romania Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Romania from 2014 to 2025.
Source: Macrobond.
Romania Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.6 | 5.0 | 13.7 | 10.5 | 5.6 |
| Inflation (CPI, ann. var. %, eop) | 2.1 | 8.2 | 16.4 | 6.6 | 5.1 |
| Inflation (HICP, ann. var. %, aop) | 2.3 | 4.1 | 12.0 | 9.7 | 5.8 |
| Inflation (Core, ann. var. %, eop) | 3.8 | 4.8 | 13.8 | 8.4 | 6.0 |
| Inflation (PPI, ann. var. %, aop) | 0.0 | 14.9 | 43.6 | 4.7 | -2.2 |
Inflation rises in September
Latest reading: Consumer prices increased 9.9% on a year-on-year basis in September, following a 9.8% rise in the previous month. Relative to the prior month's figures, there were higher price pressures for non-food goods (+11.1% in annual terms vs +10.5% in August) and services (+10.4% vs +9.8% in August). In contrast, price pressures moderated for food in September (+7.9% vs +8.9% in August). Finally, consumer prices rose 0.36% in September in month-on-month terms, following a 2.10% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian inflation projections for the next ten years from a panel of 27 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Romanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian inflation projections.
Want to get access to the full dataset of Romanian inflation forecasts? Send an email to info@focus-economics.com.
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