Romania's inflation soars to 9.9% in August

Business Forum

11 September, 2025 at 8:57 AM

Romania's annual inflation rate rose to 9.9% in August, up from 7.84% in July, driven by growth of prices for non-food goods (10.48%), services (9.85%), and food products (8.92%), according to the National Institute of Statistics (INS).

At the same time, the average consumer price change over the last 12 months (September 2024 - August 2025) compared to the previous 12 months was 5.7%.

Electricity prices saw the most significant increase in August, rising by 65.73% year-on-year and 2.56% compared to the previous month.

The National Bank of Romania (BNR) has revised its inflation forecast for the end of 2025 close to 9% from its previous projection of 4.6%. The central bank now anticipates that inflation will fall to 3% by the end of 2026.

Economists say the inflation spike was caused by the deregulation of electricity prices starting July and the increase of the two VAT rates to 11% and 21%, respectively, starting August.

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