CPI annual data Romania 2023

Romania's consumer price index (CPI) reached 110.4 in 2023, indicating an inflation rate of 10.4 percent. This decrease from the previous year's 13.8 percent suggests a slight easing of inflationary pressures. The country has experienced fluctuating inflation rates over the past decade, with the lowest CPI recorded in 2016.

Recent Inflation Trends

The highest inflation rate in Romania's recent history was observed in November 2022, peaking at 16.76 percent. By August 2024, inflation had moderated to 5.1 percent, a significant drop compared to the previous year. Food prices have contributed to overall inflation, with costs increasing by 4.25 percent in August 2024 compared to the same month in the previous year.

Economic Impact and Outlook

Despite inflationary pressures, Romania's economy has shown resilience. The country's gross domestic product per capita, adjusted for purchasing power parity, increased by 2.1 percent in 2023, reaching 40,517.55 U.S. dollars. This growth, although slowing, represents the highest level observed in recent years. Looking ahead, certain sectors may continue to face price increases. For instance, the apparel market is forecast to see a 37.79 percent rise in price per unit between 2024 and 2029, potentially reaching 34.61 U.S. dollars by the end of that period.

Annual index of consumer prices (CPI) in Romania from 2009 to 2023

Characteristic	Consumer Price Index*
2023	110.4
2022	113.8
2021	105.05
2020	102.63
2019	103.83
2018	104.63
2017	101.34
2016	98.45
2015	99.41
2014	101.07
2013	103.98
2012	103.33
2011	105.79
2010	106.09
2009	105.59

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

2024

More information

Region

Romania

Survey time period

2009 to 2023

Supplementary notes

* Previous year = 100.

The source adds the following information: "Yearly index of consumer prices measures the evolution of total prices of purchased goods and of tariffs of services used by the population in the current year as against the previous year (or another year chosen as reference period)."

Citation formats