According to official data, prices of food rose by 5.10%, non-food goods by 3.84%, and services by 6.99%.
The consumer price index rose by 0.27% in March 2025 compared to February 2025. The inflation rate since the start of the year (March 2025 compared to December 2024) was 2.1%.
The annual inflation rate in March 2025 compared to March 2024 was 4.9%, according to an INS press release. The average change in consumer prices over the last 12 months (April 2024 - March 2025) compared to the previous 12 months (April 2023 - March 2024) was 5.1%.
”Considering both internal and external risks, we think that inflation will end 2025 with an inflation rate of 5.0% and have an average inflation rate of 5.2% throughout the year, as indicated in our latest Directional Economics update. Our base case remains for 50bp of cuts from the National Bank of Romania, although we acknowledge that risks are tilted towards less easing – or none at all, given that much also depends on action taken by other central banks in the US, the eurozone and Poland,” said economists at ING Bank Romania in a note sent to investors.
The National Bank of Romania (BNR) has revised its inflation forecast for the end of 2025 upwards to 3.8%, from the previous estimate of 3.5%, and anticipates inflation to reach 3.1% by the end of 2026, according to figures presented in February by the BNR Governor Mugur Isărescu, according to Agerpres.
