Latest reading: Consumer prices were up 4.6% in annual terms in March, following a 3.7% rise in the previous 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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.0 | 13.7 | 10.5 | 5.6 | 7.3 |
| Inflation (CPI, ann. var. %, eop) | 8.2 | 16.4 | 6.6 | 5.1 | 9.7 |
| Inflation (HICP, ann. var. %, aop) | 4.1 | 12.0 | 9.7 | 5.8 | 7.0 |
| Inflation (Core, ann. var. %, eop) | 4.8 | 13.8 | 8.4 | 6.0 | - |
| Inflation (PPI, ann. var. %, aop) | 14.9 | 43.6 | 4.7 | -2.2 | 3.3 |
Inflation rises in March from February
Latest reading: Consumer prices were up 9.9% in annual terms in March, following a 9.3% rise in the previous month. As such, the reading remained sharply above the Central Bank’s 1.5–3.5% target range. Relative to the prior month's figures, price pressures were higher for non-food goods in March (+10.9% on a year-on-year basis vs +9.4% in February). In contrast, there were reduced price pressures for food (+7.7% vs +7.9% in February) and services (+11.1% vs +11.4% in February). Lastly, consumer prices increased 0.78% in March on a month-on-month basis, following a 0.59% rise in the previous month.
Panelist insight: EIU analysts commented on the outlook: “We now expect inflation to remain elevated at close to 10% year on year until mid-2026, with the energy price trajectory dependent on the length and severity of the [Iran war]. Factors supporting lower inflation in 2026 include a slowdown in wage growth, which should help to bring services inflation down. […] Less efficient supply chains, loose fiscal policy and tighter labour market trends will keep inflation elevated versus the EU average. The onset of recovery, especially in the household sector, will further add to inflationary pressures.”
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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Japan: Inflation accelerates in March from February Latest reading: Consumer prices rose 1.5% in annual terms in March, following a 1.3% rise in the previous month. Relative... -
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United Kingdom: Inflation rises in March from February Latest reading: Consumer prices were up 3.3% in annual terms in March, following a 3.0% rise in the prior month... -
Hong Kong: Inflation stabilizes in March Latest reading: Consumer prices rose 1.7% in annual terms in March, stable from the prior month’s reading. Inflation was led... -
Canada: Inflation accelerates in March from February Latest reading: Consumer prices increased 2.4% in annual terms in March, following a 1.8% increase in the previous month. March’s... -
Luxembourg: Inflation picks up in March from the prior month Latest reading: Harmonized consumer prices rose 3.8% in annual terms in March, following a 1.8% rise in the previous month....