romania inflation rate

(Bloomberg) -- Romania unexpectedly pressed ahead with a robust pace of monetary tightening, raising borrowing costs to the highest level in over a decade to combat persistent inflation. Romania PPI Inflation Eases in September. September's result marked the highest inflation rate since September 2003. Inflation targets are formulated in terms of the annual change in the consumer price index and are set as midpoints within a target band of 1 percentage points. In this article, we will look at global inflation rates by country and inflation around the world. 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. Download Historical Data. While the risks to the inflation outlook tend to balance overall, the outlook still depends on Governments policy. For more details see Constructing the uncertainty interval. Line Bar Map. This page provides - Romania Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. 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). In 2021, the inflation rate was 8.2%,. 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. 2022 City Compass Media and/or its affiliated companies. September's result marked the highest inflation rate since September 2003. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. At Fitch Solutions, we have revised our 2021 average inflation forecast for Romania up to 3.9% from 3.2% previously. Overall, the price increase was 570,492.55%. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Romanias central bank (BNR) confirmed analysts expectations and hiked by 50bp the refinancing rate to 6.75% at the board meeting on November 8 - the latest monetary policy decision this year. 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 content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. We see a narrowing in the current account deficit during 2023, thus systematic pressure on the forint will be easing. Romania's annual inflation rate increased to 15.88pct in September 2022, from 15.32pct in August, as food prices surged by 19.12pct, non-food prices by 16.61pct, and services by 8pct, according to the data published by the National Institute of Statistics (INS) on Wednesday. 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). 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). White label accounts can distribute our data. ", National Institute of Statistics Romania, Inflation rate for services in Romania from 1991 to 2021 Statista, https://www.statista.com/statistics/1204190/romania-inflation-rate-for-services/ (last visited November 10, 2022), Inflation rate for services in Romania from 1991 to 2021, Available to download in PNG, PDF, XLS format, Inflation and consumer price indexes in France, Monthly inflation rate of growth for HICP in France 2018-2022, Monthly Harmonized Consumer Price Index in France 2018-2022, Change rate of the Harmonised Index of Consumer Prices in France 2019 -2024, Household opinion on their level of purchasing power in France 2021, Opinion of the French on the variation of their purchasing power 2022, Monthly amount of money necessary in order to live comfortably in France 2014-2022, Level of public confidence in France's economic future 2019-2022, Public opinion on the impact of containments on price increases in France 2021, Monthly Consumer Price Index of alcohol-free drinks in France 2020-2022, Spirits and liquors Consumer Price Index (CPI) in France 2020-2022, Consumer Price Index (CPI) of coffee, tea and cocoa in France 2020-2022, Consumer Price Index (CPI) of milk, cheese, and eggs in France 2020-2022, Consumer Price Index (CPI) of bread and cereals in France 2020-2022, Consumer Price Index (CPI) of meat in France 2020-2022, Consumer Price Index (CPI) of fish and seafood in France 2020-2022, Consumer Price Index (CPI) of fruits in France 2020-2022, Consumer Price Index of housing and energy in France 2020-2022, Consumer Price Index (CPI) for effective rents in France 2020-2022, Consumer Price Index for water and services related to housing in France 2020-2022, Consumer Price Index (CPI) of electricity in France 2020-2022, Consumer Price Index (CPI) of gas in France 2020-2022, Consumer Price Index of liquid fuels in France 2020-2022, Consumer Price Index of solid fuels in France 2020-2022, Consumer Price Index of furniture, household maintenance in France 2020-2022, Consumer Price Index (CPI) of transport in France 2020-2022, Consumer Price Index of new and secondhand cars in France 2020-2022, Consumer Price Index (CPI) of passenger cars repair in France 2020-2022, Consumer Price Index (CPI) of passenger road transport in France 2020-2022, Consumer Price Index (CPI) of passenger rail transport in France 2020-2022, Consumer Price Index (CPI) of passenger air transport in France 2020-2022, Consumer Price Index (CPI) of motorcycles in France 2020-2022, Consumer Price Index (CPI) for maritime transport services in France 2020-2022, Consumer Price Index (CPI) of the leisure-culture sector in France 2020-2022, Consumer Price Index (CPI) for cultural services in France 2020-2022, Consumer Price Index (CPI) of books in France 2020-2022, Consumer Price Index (CPI) of newspapers and serial publications in France 2020-2022, Consumer Price Index (CPI) for audiovisual equipment in France 2020-2022, Consumer Price Index of photographic and cinematographic equipment in France 2022, Consumer Price Index for games, toys and hobbies in France 2020-2022, CPI of sporting goods, camping and outdoor activities gear in France 2020-2022, CPI for medical care in the UAE 2012-2020, CPI for food and beverages in the emirate of Dubai 2016-2018, CPI for textiles, clothing and footwear in the UAE 2012-2020, CPI for housing and utilities in the emirate of Dubai 2016-2018, CPI for furniture and household goods in the emirate of Dubai 2016-2018, CPI for furniture and household goods in Kuwait 2014-2021, CPI for food and soft drinks in the UAE 2012-2020, CPI for restaurants and hotels in the UAE 2012-2020, CPI for tobacco in the emirate of Dubai 2016-2018, CPI for clothing and footwear in Kuwait 2014-2021, CPI for transportation in the UAE 2012-2020, General CPI in the emirate of Dubai 2016-2018, Inflation rate in the UAE by emirate 2019, Consumer Price Index and inflation rate in China, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. Published by Statista Research Department , Feb 1, 2022 The highest inflation rate in Romania in 2020 was registered in January, at 3.6 percent. Updated as of 2020. . facts. The Trading Economics Application Programming Interface (API) provides direct access to our data. Business Insider SRL is a carrier of data with personal character, registered in the Registrul de Evidenta a Prelucrarilor de Date cu Caracter Personal with the no. (2021). However, the Romanian cybersecurity market is open to foreign players, too, with U.S. suppliers well represented. Learn more about how Statista can support your business. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook 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. Romania: Inflation soars in October November 11, 2021 Consumer prices soared 1.78% over the previous month in October, coming in well above September's 0.84% rise and logging the highest print since May 2005. In Romania, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. Access Romania Projection Data Access Economic Outlook Digital Report Enhancing the business environment in Romania through industrial and manufacturing licensing simplification > Read the full report Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Since then, the inflation has slowly decreased, reaching a period of deflation in 2015. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The Inflation Reduction Act was passed in August by Congress, yes, but not a single . International Monetary Fund, International Financial Statistics and data files. Romania's annual inflation rate accelerated to 15.05 percent in June of 2022 from 14.49 percent in the prior month, and compared with market expectations of 15.1 percent. The cybersecurity market in Romania is still emerging. statistic alerts) please log in with your personal account. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Cyber Security. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). But the Fed's fight against inflation received a big boost from an Institute for Supply Management survey on Tuesday showing raw materials prices fell for the first time in 28 months in October. Software Development in Romania. Inflation in Romania was a major issue during the 1990s, when the yearly inflation reached a peak of 256% in 1993. Inflation in Romania Romania - Inflation Inflation falls in July Consumer prices rose a seasonally-adjusted 089 over the previous month in July accelerating from the 076 rise seen in June. Romania's annual inflation rate rose to 15.32 percent in August of 2022 from 14.96 percent in July. On a monthly basis, consumer prices rose by 0.62 percent in June, the least in four months, easing from a 1.18 percent gain in May. Namely, the annual inflation rate is expectedto 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 steepening afterwards, although remaining slightly above the variation band of the target at the end of the projection horizon.. Romania boasts the highest rate of per capita technology workers in Europe in this sector. 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. Romania inflation rate for 2021 was 5.05%, a 2.42% increase from 2020. "Inflation rate for services in Romania from 1991 to 2021." The jump was largely driven by rising prices for food and non-food goods. Interest Rate in Romania Romania - Interest Rate NBR hikes by more than expected in October At its meeting on 5 October, the National Bank of Romania (NBR) raised the policy rate to 6.25% from 5.50%, above analysts' expectations of 50 basis points. This is lower than the long term average of 18.27%. 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). . ACTMedia - Romanian Business News | Sitemap | Search | Terms and Conditions | Privacy Policy. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. The pick-up was largely driven by rebounding price pressures for non-food goods. Inflation Rate MoM in Romania averaged 2.36 percent from 1990 until 2022, reaching an all time high of 30.70 percent in March of 1997 and a record low of -2.95 percent in June of 2015. The central bank . (P) Fit For Future Education. Please create an employee account to be able to mark statistics as favorites. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Statista. Definition: This entry provides the annual inflation rate, as calculated by the percent change in current consumer prices from the previous year's consumer prices. Inflation is expected to reach 11.9% in 2022 and 8.5% in 2023, despite tightening monetary policy and a cap on electricity and gas prices. To find a higher rate, you'd have to go back to the . The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. . Romanias annual inflation rate fell to 1496 percent in July of 2022 from 1505 percent in June which was the highest reading since October 2003. Industry-specific and extensively researched technical data (partially from exclusive partnerships). However, it admits that the CORE-2 inflation continued to climb at a sustained, faster-than-expected pace in Q3 to 11.9% YoY in September from 9.8% YoY in June. Romania's annual inflation rate accelerated to 15.05 percent in June of 2022 from 14.49 percent in the prior month, and compared with market expectations of 15.1 percent. 4.6% (2018 est.) Higher Romanian inflation points to more rate hikes We anticipated an upside surprise, but the number came in even higher than expected. Otherwise, BNRs policy keeps its dovish stance based on the view that more costly financing would hurt the economy more than tame exogenous-driven inflation. Access to this and all other statistics on 80,000 topics from, Show sources information To use individual functions (e.g., mark statistics as favourites, set Romania Inflation Rate is at 13.40%, compared to 13.30% last month and 5.20% last year. "The annual inflation rate in September 2022 compared to September 2021, calculated based on the harmonised index of consumer prices (HICP) is 13.4pct. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 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For 2021, an inflation rate of 5.1% was calculated. Romania Economy Data Sample Report Romania Photo of the Day by Dreamstime: Braov in autumn colors, New funding program supports Romanian NGO projects for people with disabilities. Romania's annual inflation rate increased to 15.88pct in September 2022, from 15.32pct in August, as food prices surged by 19.12pct, non-food prices by 16.61pct, and services by 8pct, according to the data published by the National Institute of Statistics (INS) on Wednesday. National Institute of Statistics Romania. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. Romania's central bank (BNR) confirmed analysts' expectations and hiked by 50bp the refinancing rate to 6.75% at the board meeting on November 8 - the latest monetary policy decision this year. Currently, you are using a shared account. The National Bank of Romania made several important decisions on Tuesday. October inflation reached 7.9% versus our 7.8% estimate. The National Bank of Romania increases again the monetary policy interest rate. Show publisher information Perhaps more worrying than headline inflation itself is the fact that core inflation is departing more and more meaningfully from the National Bank of Romania's 1.5%-3.5% target range, coming at 4.7% in December from 4.3% the previous month. CASPER Inflation rose in Wyoming over the past year at its highest rate since 1981, driven primarily by soaring transportation and food costs, a new state report shows. Romania's annual inflation rate increased to 15.88pct in September 2022, from 15.32pct in August, as food prices surged by 19.12pct, non-food prices by 16.61pct, and services by 8pct, according to the data published by the National Institute of Statistics (INS) on Wednesday.Consumer prices in September 2022 compared to the previous month increased by 1.3pct, whereas the inflation rate since the beginning of the year (September 2022 compared to December 2021) stands at 13.1pct.The average rate of change in consumer prices in the past 12 months (October 2021 - September 2022) compared to the previous 12 months (October 2020 - September 2021) is 11.8pct.According to the INS data, the harmonised index of consumer prices (HICP) - the indicator to determine inflation at the level of the EU member states - in September 2022 compared to August 2022 stands at 100.93pct. Read more on euractiv.com. API users can feed a custom application. On the other hand, inflation slowed for services (8 percent vs 8.26 percent). The decision marked the ninth consecutive rate increase to push borrowing costs to their highest since February 2010, as the central bank continues its effort to curb soaring price growth. You can only download this statistic as a Premium user. Romania inflation rate for 2018 was 4.63%, a 3.29% increase from 2017. 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). Romania: September's inflation rate comes in at highest level since September 2003. This statistic shows the average inflation rate in Romania from 1987 to 2020, with projections up until 2027. In June, in Romania, inflation rate popped out from 4.3 percent to 7.1 percent once with the VAT increase from 19 percent to 24 percent but the domestic economy has registered one of the highest inflation rates in EU before the tax raise. Statewide inflation . 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. 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Romanian inflation keeps rising Given the available information, we are revising our forecast for average 2022 inflation to 8.8%, with the year-end rate at 8.0%. License : CC BY-4.0. Profit from the additional features of your individual account. Inflation rate for services in Romania from 1991 to 2021 [Graph]. Please do not hesitate to contact me. This, along with falling inflation, might open the door for a turnaround in the base rate. Romania inflation rate for 2019 was 3.83%, a 0.8% decline from 2018. As soon as this statistic is updated, you will immediately be notified via e-mail. Romania's headline inflation overshot the National Bank of Romania's (NBR) target band of 2.5% 1.0 percentage point (pp) in May 2021, coming in at 3.8% y-o-y, accelerating to 3.9% y-o-y in June 2021. Romania: No: 13.76%: 48.80%: Sweden: No: 6.40%: 36.70%: Romanian Business News - ACTMedia :: Services|About us|Contact| RSS. 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