Romania: Annual inflation rate, highest since June 2013

The annual inflation rate reached 5% in March 2018, up from 4.7% in the previous month, given a 6.57% increase of non-food goods prices, 4.01% increase of foodstuff and 2.9% of services.

A higher annual inflation rate was recorded in June 2013, when consumer prices increased by 5.37%.

In March, as compared to February, the consumer prices went up by 0.3%, as foodstuff prices grew by 0.48%, non-food products by 0.15% and services by 0.3%.

‘The average inflation rate during the past 12 months (April 2017 – March 2018) against the previous 12 months (April 2016 – March 2017), calculated on the basis of CPI, is 2.5%. Calculated on the basis of HICP, the average rate is 1.9%,” the National Statistics Institute (INS) informs.

In February, the National Bank of Romania (BNR) revised upwards to 3.5%, from 3.2%, the inflation forecast for the end of this year.

For the end of 2019, the BNR estimates an inflation rate of 3.1%.

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