POST Online Media Lite Edition


Romania: Inflation hits fresh multi-year high in March

Staff Writer |
Consumer prices in Romania rose 0.3% in March over the previous month, matching February’s print.

Article continues below

Behind the increase were higher prices for non-food and food goods, as well as for services. The strongest increases were recorded for fruit and legumes.

Inflation came in at a multi-year high of 5.0% in March, up from 4.7% in February. As a result, inflation moved further above the Central Bank’s target range of 1.5%–3.5%. Consequently, annual average inflation rose from 2.1% in February to 2.5% in March, the highest level since April 2014.

FocusEconomics Consensus Forecast panelists see inflation averaging 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect average inflation of 3.2%.

What to read next

Romania: Growth in industrial production accelerates in January
Romania: Industrial production continues expansion
Romania: Central Bank raises rates again