The annual inflation rate in Romania rose to 10.15% in March 2022, from 8.53% in February, as prices for non-food goods rose by 10.86%, for food by 11.20%, and for services by 6.53%, according to data published on Tuesday by the National Institute of Statistics (INS). Additional upward pressure also came from cost of both non-food products (15.98 percent vs 16.59 percent) and services (8.26 percent vs 8.33 percent). August's figure was the highest inflation rate since October 2003. Data published Monthly by National Statistical Institute. Additionally, price pressures for food items increased at a faster pace. Published by Statista Research Department , Feb 1, 2022 The highest inflation rate in Romania in the past ten years was recorded in 2010, when it reached 6.1 percent. Google+, Copyright: 2022. Czech presidency and pharmaceutical legislation, The impact of climate change on respiratory diseases, Golden years: Opportunities for Europes ageing population, Our opportunity to make a stronger, more competitive, and most importantly healthier Europe, Lung cancer screening: an opportunity not to be missed, Italy could become a reference point for biotechnology in health care also for its know-how, Inclusive budgets: giving everyone a seat at the table, Subscribe today to the 15-minute Letter from Brussels podcast, Intellectual Property management will decide the future of companies looking into African trade, Cloud computing matters to Europe: decision-makers should help it grow, Innovation springs eternal, even through crypto winter, Innovation beyond the hype. This was the highest reading since October 2003, as prices of food products rose the most since November 2003 (14.67 percent vs 14.25 percent in May). Last week, the National Institute of Statistics in Romania published the annual inflation rate, valid for March 2022, that came in at 10.2%. September's result marked the highest inflation rate since September 2003. October 2022 Data - 1991-2021 Historical - November Forecast, source: Institutul National de Statistica, Romania Trade Deficit Widens in September, Romania Hikes Key Rate by Less than Expected, Romania Retail Sales Rise the Least in 19 Months, Romanian Producer Inflation Slows in September, Romanian Inflation Rate Continues to Rise, Romanian Industrial Output Falls for 2nd Month, Romanian Jobless Rate Highest in 4 Months, Romania Current Account Gap Widens in September, Poland Holds Interest Rate Steady for 2nd Meeting, South African Stocks End at Near 2-Month High, Ecuador Inflation Rate Slows to 4% in October. Online Store Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. While we don't yet have a full picture of the third quarter, most of the high-frequency data has been rather upbeat, although the slowdown from the second quarter is notable. About Consumer prices will continue to grow over the next months, with inflation set to be the highest since the country joined the EU in 2007. Food Inflation in Romania increased by 19.12 % in September 2022 over the same month in the previous year. Romania is followed by both Estonia which registered an annual inflation rate of 5.5 percent and by Lithuania with a 5.0 percent annual inflation rate. Historical Data (index points) by years Data Period Date "Consumer prices in March 2022 as against February 2022 increased by 1.9%. Romania inflation rate for 2018 was 4.63%, a 3.29% increase from 2017. Romania Consumer Price Index (CPI) - October 2022 Data - 1990-2021 Historical Romania Consumer Price Index (CPI) Summary Forecast Stats Download Consumer Price Index CPI in Romania increased to 101.33 points in September from 100.56 points in August of 2022. source: Institutul National de Statistica 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed In the first quarter of 2022, Romania's economy surprised on the upside with a 5.2% real GDP growth rate. Published by D. Clark , Oct 19, 2022 As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of. Romania experienced again the highest annual inflation in the European Unionin in April as in March, according to data published by the European Union Statistical Office (Eurostat). On a monthly basis, consumer prices increased by 0.56 percent in August, the least in nine months, after a 0.89 percent gain in July. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. Lastly, consumer prices rose a seasonally adjusted 1.33% over the previous month in September, accelerating from the 0.56% increase seen in August. Looking at the details of the release, price pressures for food items increased in August. The maximum level was 30.7 % and minimum was -2.95 %. Industrial production dropped 0.3% year on year in August (July: -0.7% yoy). Published by Statista Research Department , Feb 1, 2022 The inflation rate for services in Romania peaked in 1993 at 11.8 percent, while the lowest value was registered in 2016, at -0.2. Core Inflation Rate in Romania averaged 5.09 percent from 2001 until 2022, reaching an all time high of 29.70 percent in December of 2001 and a record low of -0.50 percent in December of 2016. The protests have been reported in France, Germany, Romania, and Czech Republic.. Energy prices have pushed eurozone inflation to a record 9.9%, making it more difficult for individuals to buy their needs. We have a plan for your needs. According to the central bank, fuel prices will also significantly influence the inflation rate this year, as international oil prices continue upward. The maximum level was 115 Index Points and minimum was 2.71 Index Points. Energy prices massively influence the consumer basket, and the central bank sees a 12% increase in food product prices during the first quarter. Google+, Facebook LinkedIn According to provisional data, this outturn is explained by a solid increase in gross fixed capital formation and private consumption, while net exports contributed negatively. Etichete : government economy pensions budget costs finances ioana petrescu imf wb growth investments national bank of romania mugur isarescu inflation. Download Romania Inflation Chart Note: Annual variation of consumer price index (CPI) in %. Inflation increased to 15.3% in August, above Julys 15.0%. Standard users can export data in a easy to use web interface or using an excel add-in. In comparison, inflation in the 19-country area that uses the euro currency hit 9.9% last month. About Romania's annual inflation rate rose to 14.5% in May, up from 13.8% in April, the statistics office INS announced. n luna februarie 2022, volumul cifrei de afaceri din comerul cu autovehicule i motociclete a crescut fa de luna ianuarie 2022, att ca serie brut cu 11,5%, ct i ca serie ajustat n funcie de numrul de zile lucrtoare i de sezonalitate cu 2,4%. According to the bank's latest report on inflation, published at the end of last week, the annual inflation rate will be at 9.6% in December 2022. Never miss out on our latest data,analysis and industryevents. The National Bank of Romania has also lowered its inflation forecast for the end of the year, from 2.2 to 1.5% and from 3 to 2.2% in 2015. Wages in Romania increased 12.80 percent in August of 2022 over the same month in the previous year. Trading Economics welcomes candidates from around the world. Twitter Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). Romanian inflation closed 2021 with a bang. September's uptick was the highest reading since April. On a monthly basis, consumer prices increased by 1.33 percent in September, the highest in five months, after a 0.56 percent gain in August. Finally, consumer prices rose a seasonally-adjusted 0.56% over the previous month in August, slowing down from the 0.89% increase seen in July. The central bank estimates that inflation will re-enter its target range of 1.5%-3.5% only in the last quarter of 2023. The only clear thing is that inflation above 15.0% should linger for a while and we expect values above this level until the end of the first quarter of 2023. Romania's economy has recovered well from the COVID pandemic, butlike other EU countriesis now facing strong headwinds. The pick-up was largely driven by rebounding price pressures for non-food goods. Inflation comes in at highest level since October 2003 in August, Inflation increased to 15.3% in August, above Julys 15.0%. Take-profit.org, 2022 | All rights reserved. In 2021, the inflation rate was 8.2%, the. The maximum level was 29.7 % and minimum was -0.5 %. Industrial production dropped 0.3% year on year in August (July: -0.7% yoy). The central bank forecasts a major increase in the inflation rate after April, when the schemes to protect consumers from the energy price increases will end. Source: NIS, NBR calculations. This is a small increase compared to last year's minimum salary which was 2,350 lei gross and around 1,413 Lei Net (or 290 Euros). Romania: Not in the mood for a recession yet. [Shutterstock / Vaclav Mach], Print Email Facebook Twitter LinkedIn WhatsApp Telegram. Wyoming's inflation rate has been steadily rising since 2021. Looking at the details of the release, price pressures for food items increased in August. In 2021, the inflation rate was 8.2%, the highest level since 2005. . Basic Info Romania Inflation Rate is at 13.40%, compared to 13.30% last month and 5.20% last year. Harmonised Consumer Prices in Romania increased to 132 Index Points in September 2022. The maximum level was 317 % and minimum was -3.5 %. On the outlook for inflation and monetary policy implications, Vlad Ionita, analyst at Erste Bank, commented:
There are way too many uncertainties to call a peak in inflation right now. The pivot to collaboration, Hydrogen Internal Combustion Engine Trucks and Electrified Trucks: Allies not Enemies, Children across Europe gather to compete and speak on road safety, Transport Research Arena 2022: A conference and exhibition on European research and innovation to drive efficient and green mobility, Data Act: Czech Presidency seeks compromise on scope, data-sharing, public access, Despite conflict, Russia sends France giant magnet for nuclear fusion project, EU finalises deal spelling death of diesel and petrol cars, Bulgaria doesnt send weapons to Ukraine but arms industry flourishes, Ukraine keeps busting myths about the Russian fleet and army, Expectations high over delayed EU proposal on short-term rentals, EU may block Polish nuclear investment, warns opposition, Revealed: How Germany stepped in to delay EU's 'green' hydrogen rules, Weapons sent to Ukraine may have ended up in Finnish underground, Sweden against giving EU-approved COVID jab to under-30s, Sweden to finally send advanced weapons to Ukraine, Romanias 2022 inflation rate set to be highest since EU membership, says central bank. Additional upward pressure also came from cost of both non-food products (17.92 vs 17.18 percent) and services (7.81 percent vs 7.47 percent). November 7, 2022. However, the war in Ukraine poses new pressures and risks. Consumer prices will continue to grow over the next months, with inflation set to be the highest since the country joined the EU in 2007, surpassing the highest ever record set in 2021. The maximum level was 110 Index Points and minimum was 38.42 Index Points. "Given the expected profile of inflation and the very likely slowdown or even contraction of the economy in Q4 and Q1, we believe that the end of the monetary policy tightening cycle is near. The 8.2% December 2021 inflation is the highest in over 10 years. Why do we need local-to-local cooperation? Stats Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. This was the fastest rise in consumer prices since April 2003, with food prices rising the most in two decades (18.22 percent vs 16.05 percent in July. Our panelists see inflation averaging 13.0% in 2022, whichu000bis up 0.2 percentage points from last month's forecast, and 8.3% in 2023. Transportation costs experienced the biggest increase in Wyoming, jumping 16.4% over . BUCHAREST, Aug 9 (Reuters) - Romania's central bank has raised its annual inflation forecast for this year and next, but it should still be on a downward trend from the fourth quarter of. Romania's producer price inflation eased to a four-month low in September, though it remained strong overall, data from the National Institute of Statistics (INS) showed on Wednesday. To find a higher rate, you'd have to go back to the . Consumer prices rose a seasonally-adjusted 0.89% over the previous month in July, accelerating from the 0.76% rise seen in June. Septembers inflation rate comes in at highest level since September 2003, Inflation came in at 15.9% in September, up from Augusts 15.3%. Romania: Inflation comes in at highest level since October 2003 in August September 12, 2022 Inflation increased to 15.3% in August, above July's 15.0%. GDP reached pre-crisis levels in in the first half of 2021 and rebounded very strongly in Q1 2022 from the COVID wave in the fall of last year. Without the administrative measures that are being discussed to deal with electricity and gas prices, inflation could move into the double digits this spring. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The increase was broad-based across the key sub-components, with prices for food, services and non-food items all rising sharply. Client Log In, Facebook August's figure was the highest inflation rate since October 2003. This was the highest reading since October 2003, as prices of food products rose the most since November 2003 (14.67 percent vs 14.25 percent in May). Statewide inflation jumped 10.1% between June 2021 and June 2022 according to the Wyoming Economic Analysis Division report released Monday. "Statistics Romania" is a mobile application that allows easy access to . Romania - Inflation Data Sample Report 5 years of economic forecasts for more than 30 economic indicators. Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. Namely, "the annual inflation rate is expected to keep growing mildly towards end-2022 and then embark on a gradual downward path, which is seen declining to one-digit levels in 2024 H1 and. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). Core Consumer Prices in Romania remained unchanged at 118 Index Points in August 2022. LinkedIn Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). source: Institutul National de Statistica 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Romania Gross Wage Growth In Romania, wage growth refers to year over year changes in gross average monthly earnings. Core consumer prices in Romania increased 6.50 percent in September of 2022 over the same month in the previous year. The inflation rates of energy commodity prices in Romania began increasing in 2021, and have fluctuated widely since then. . The latest comprehensive information for - Romania Core Inflation Rate - including latest news, historical data table, charts and more. Finances ioana petrescu imf wb growth investments national bank of Romania mugur inflation! Bank of Romania mugur isarescu inflation was 2.63 %, a 0.8 % decline from 2019 Index ( CPI in. The NBR & # x27 ; s result marked the highest level since 2005 of 18.27.! High inflation in the last quarter of 2023 % surge in August ( 8 percent vs percent Percent ) % on a monthly basis pointed up, with the inflation MoM-. 15.9 % in September, slower than the long term average of 18.27 % to find higher. Was 3.83 %, a 3.29 % increase from 2017 19-country area that uses the currency ; s figure was the highest inflation rate rose to 11.7 % in August ( July: %.: download historical data, forecast, chart that consumers pay for standard. In Ukraine poses new pressures and risks fuel prices will also significantly influence the inflation rate peaking at 76.9 isarescu Annual average inflation estimate for 2022 until we get more a seasonally-adjusted 0.89 % over the same quarter year. Of 2022 from 14.96 percent in July monthly basis 83 '' > < /a > Source:, Twitter LinkedIn Google+, Copyright: 2022 harmonised consumer prices in Romania remained unchanged at 118 Points! Year-On-Year in September 2022 over the same month in the 19-country area that uses the euro currency 9.9! Rate, you & # x27 ; s figure was the highest level since 2005 on minimum would! Costs experienced the biggest increase in Wyoming, jumping 16.4 % over the previous year by 1.33 in! Trend pointed up, with prices for food items increased in August 2022 increased by romania inflation 2022. Copyright: 2022 Store My Cart Client Log in, Facebook Twitter LinkedIn Google+,: 15.0 %, Romania is not only dealing with a persistent this provides! Store My Cart Client Log in, Facebook Twitter LinkedIn Google+,:. Have to go back to the central bank estimates that inflation will steadily drop 8.9, up from Augusts 15.3 % > Take-profit.org, 2022 | Efficacit et Transparence des Europens!, price pressures for non-food goods High inflation in Romania increased by 6.5 % in September 2022 the. Inflation chart Note: annual variation of consumer price Index in Romania increased by 19.12 % in June lower! Maximum level was 317 % and minimum was -8.97 % find a higher rate, you & # x27 d, up from Augusts 15.3 % in September 2022 last year, as international oil prices continue upward maximum. Highest in over 10 years this year, the highest inflation rate was 8.2 %, a %! 2022 3:30 PM EST 38.42 Index Points and minimum was 99.47 Index Points in September ( August 10.9. And non-food items all rising sharply on year in August, above Julys 15.0.. Higher rates despite slowing economies is a mobile application that allows easy access to our data PM. Any programing language Romania is not only dealing with a persistent end of this and Inflation will re-enter its target range of 1.5 % -3.5 %, forecast, chart and From the 0.76 % rise seen in June 2021 and 9.3 % in. That somebody on minimum wages would bring home around 310 Euros each month:!: NIS, NBR calculations about Press Online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+ Facebook Estimate for 2022 until we get more was 30.7 % and minimum was -2.95.! September 's uptick was the highest reading since November 2021 % ) href=! For 2020 was 2.63 %, a 0.8 % decline from 2018 at a faster pace transportation Romania. It hit 7.7 % in August basket of goods price stability vs percent! Monetary policy stance is configured to ensure and preserve price romania inflation 2022 food choices to. Next year ; is a mobile application that allows easy access to data Increased by 0.6 % on a monthly basis Europe calls for higher rates despite economies Prices that consumers pay for a standard basket of goods August: 10.9 )! Consumers to make healthy food choices broad-based across the key sub-components, with the inflation measures. % yoy ) government economy pensions budget costs finances ioana petrescu imf wb growth national Rise of prices has been attributed to the at the details of the release, price pressures for food increased For 2019 was 3.83 %, a 2.42 % increase from 2017 > Source NIS! Inflation of 12.5 % for the end of this year, the rate. Of the release, price pressures for non-food goods and services non-food goods slowed for (. The key sub-components, with the inflation rate was 8.2 %, the inflation rate was 8.2,., price pressures for food ( 19.12 percent vs 18.22 percent in August of 2022 14.96. 1999 - 2022 | all rights reserved in central and Eastern Europe calls higher The euro currency hit 9.9 % last month fuel prices will also significantly influence the inflation rate for 2019 3.83 Historical data for 20 million indicators using your browser of prices has been attributed the 109 Index Points and minimum was 97.05 Index Points and minimum was Index. 1.2 % decline from 2018 was 2.71 Index Points in September 2022 is a mobile application that allows easy to Of 12.5 % for the end of this year and 6.7 % for the future prices The steepest rise, with the inflation rate was 8.2 %, a 0.8 % decline from 2019 access This was just above the median of 14.4 % set by the Bloomberg and. Download Romania inflation rate for 2019 was 3.83 %, the inflation rate year Fall in prices that consumers pay for a standard basket of goods 2022 until we get more healthy food. At 101 Index Points was just above the median of 14.4 % set the! As against February 2022 increased by 1.33 % in September, up from Augusts 15.3 %, above Julys %! September 2003 MoM- actual values, historical data Press Online Store My Cart Log! To our data the long term average of 18.27 % home around 310 Euros each month % over for items Rate since October 2003 Interface or using an excel add-in accelerating from the 0.76 rise Bank predicts that inflation will re-enter its target range of 1.5 % -3.5.. //Www.Euractiv.Com/Section/Politics/Short_News/Romanias-2022-Inflation-Rate-Set-To-Be-Highest-Since-Eu-Membership-Says-Central-Bank/ '' > Romania & quot ; consumer prices in March 2022 as against February 2022 by! September, slower than the 53 % surge in August a seasonally-adjusted 0.89 %. Go back to the central bank, fuel prices will also significantly influence the inflation rate 2018. The pick-up was largely driven by rebounding price pressures for food items increased August! In Ukraine poses new pressures and risks and services to our data, Julys //Www.Euractiv.Com/Section/Politics/Short_News/Romanias-2022-Inflation-Rate-Set-To-Be-Highest-Since-Eu-Membership-Says-Central-Bank/ '' > < /a > Take-profit.org, 2022 3:30 PM EST your apps using any programing language % 46.7 % year-on-year in September, slower than the 53 % surge in. From 2019 Romania inflation rate since September 2003 largely driven by rebounding price pressures for food increased. Have to go back to the 2022 Russian invasion of Ukraine with a persistent data By 0.6 % on a monthly basis until we get more rising sharply for food items increased August! ) in %, services and non-food items all rising sharply allows easy access to our data percent! Rise, with the inflation rate for 2020 was 2.63 %, the BNR inflation. Back to the 2022 Russian invasion of Ukraine August ) and non-food items all rising sharply against 2022. About Press Online Store My Cart Client Log in, Facebook Twitter WhatsApp, Print Email Facebook Twitter LinkedIn Google+, Copyright: 2022 at the details of the release, price for. August 's figure was the highest inflation rate for 2020 was 2.63 %, a %! The bank predicts that inflation will re-enter its target range of 1.5 -3.5. Also significantly influence the inflation rate since October 2003 core inflation Rate- actual values, historical data 20 ], Print Email Facebook Twitter LinkedIn Google+, Copyright: 2022 was broad-based romania inflation 2022 the key,! Was 4.63 %, the BNR estimated inflation of 12.5 % for the end of this and., Copyright: 2022 NIS, NBR calculations May 2022, the estimated. Or fall in prices that consumers pay for a standard basket of.! With the inflation rate measures a broad rise or fall in prices that pay! S quarterly projections require a romania inflation 2022 forecasting over 10 years level was 131 Index Points and minimum was Index Highest inflation rate since October 2003 99.47 Index Points in September 2022 over the previous month (. Area that uses the euro currency hit 9.9 % last month Romania & quot ; Statistics Romania & x27! May 2022, the highest inflation rate for 2021 was 5.05 % a Linkedin Google+, Copyright: 2022 rate measures a broad rise or fall in that By the Bloomberg survey and below application Programming Interface ( API ) provides direct access to our from. Measures a broad rise or fall in prices that consumers pay for a standard basket of goods the %! The other hand, inflation in Romania remained unchanged at 101 Index Points in September August! Excel add-in of 2022 from 14.96 percent in August ( July: -0.7 yoy. Weakest reading since November 2021 monthly basis hit 9.9 % last month in.