Latest reading: Consumer prices were up 31.4% in annual terms in November, following a 31.3% increase in the prior month....
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 slows in October from the prior month
Latest reading: Consumer prices rose 9.8% on a year-on-year basis in October, following a 9.9% increase in the prior month. Relative to the prior month's figures, there were milder price pressures for food (+7.6% on a year-on-year basis vs +7.9% in September) and non-food goods (+11.0% vs +11.1% in September). In contrast, price pressures were higher for services in October (+10.5% vs +10.4% in September). Lastly, consumer prices rose 0.50% in October on a month-on-month basis, following a 0.36% increase in the prior 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 28 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.
Latest Global Inflation News
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