Figure 2 presents selected inflation data from April through June of 2022. "Inflation rate for services in Romania from 1991 to 2021." The first concerns the increase in the monetary policy interest rate to 6.75% per year, from 6.25%. Statista. 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. The average inflation rate around the world is 7.4%. Producer prices climbed 46.7% year-on-year in September, slower than the 53% surge in August. Overall, the price increase was 570,492.55%. This page provides - Romania Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. and over 1Mio. Inflation came in at 15.9% in September, up from August's 15.3%. The Inflation Reduction Act was passed in August by Congress, yes, but not a single . 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. Read more on euractiv.com. 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. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. The Laspeyres formula is generally used. 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. This statistic shows the average inflation rate in Romania from 1987 to 2020, with projections up until 2027. Software Development in Romania. 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). The revised quarterly Inflation Report expected for November 14 will shed more light on BNRs views as regards the drivers of the headline inflation - while it already announced an upward revision of the inflation trajectory over the forecast period. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. For more details see Constructing the uncertainty interval. ", 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. Our analysts see the economy growing 3.5% in 2022, which is up 0.7 percentage points from last month's forecast, and 3.7% in 2023. Bank of England Deputy Governor Ben Broadbent, Bank of England Governor Andrew Bailey, Bank of England Secretary Sebastian Walsh and Bank of England Deputy Governor for Markets and Banking, Dave. 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. 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. To find a higher rate, you'd have to go back to the . All rights reserved. Directly accessible data for 170 industries from 50 countries 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. 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%. At Fitch Solutions, we have revised our 2021 average inflation forecast for Romania up to 3.9% from 3.2% previously. Currently, you are using a shared account. facts. "Inflation Rate for Services in Romania from 1991 to 2021. 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. Standard users can export data in a easy to use web interface or using an excel add-in. 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. Published by Statista Research Department , Feb 1, 2022 The highest inflation rate in Romania in 2020 was registered in January, at 3.6 percent. 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 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. 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. To use individual functions (e.g., mark statistics as favourites, set Data published Monthly by National Statistical Institute. Romania PPI Inflation Eases in September. The absorption of EU funds, especially those under the Next Generation EU programme, is important for its impact on overall growth and, separately, major uncertainties and risks are associated with the fiscal policy stance. 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. 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. 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. Romania inflation rate for 2020 was 2.63%, a 1.2% decline from 2019. 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. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. During the observation period from 1991 to 2021, the average inflation rate was 45.5% per year. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. An item that cost 100 leus in 1991 costs 570,592.55 leus at the beginning of 2022. Are you interested in testing our corporate solutions? Facts and statistics about the Inflation rate (consumer prices) of Romania. Romania: September's inflation rate comes in at highest level since September 2003. 1. Use Ask Statista Research Service, Purchasing power variation in France 2007-2021, Monthly inflation rate in European countries August 2022. the phase of declining inflation targets, set over a 2-year horizon as year-end annual rates (2005-2012), which is required primarily in order to consolidate the disinflation . Meanwhile, consumer prices rose 0.66% in September over the previous month, following the 0.57% increase logged in August. 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. The pick-up was largely driven by rebounding price pressures for non-food goods. 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. Romania Economy Data Sample Report 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. 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. Inflation rate for services in Romania from 1991 to 2021 [Graph]. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. . Romania's annual inflation rate rose to 14.5% in May, up from 13.8% in April, the statistics office INS announced. Then you can access your favorite statistics via the star in the header. Romania's central bank raised its main interest rate by half a percentage point, to 6.75% as it continues to battle high inflation. Download Historical Data. Romanian Business News - ACTMedia :: Services|About us|Contact| RSS. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Higher Romanian inflation points to more rate hikes We anticipated an upside surprise, but the number came in even higher than expected. 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. (2021). Inflation is a global problem, caused by global events, including the war in Ukraine and the pandemic. White label accounts can distribute our data. Inflation climbed to 7.9% in October from 6.3% in September. Inflation Rate in Romania is expected to be 19.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Please create an employee account to be able to mark statistics as favorites. Romania inflation rate for 2021 was 5.05%, a 2.42% increase from 2020. 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. Inflation came in at 15.9% in September, up from August's 15.3%. Advanced users can use our Python/R/Matlab packages. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website.

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