Harmonised Index of Consumer Prices in Romania

Instituto Nacional de Estadistica de Rumania · Mensual · Importance 90

IMF forecast (WEO): 2026: 7.8% 2027: 3.9% 2028: 4.3% 2029: 3.0% 2030: 2.8% 2031: 2.5%

8.2% (Jul-26) YOY · % · Mensual · CSV

Period	%
Jul 2026	8.2%
Jun 2026	10.4%
May 2026	10.9%
Apr 2026	10.7%
Mar 2026	9.9%
Feb 2026	9.3%
Jan 2026	9.6%
Dec 2025	9.7%
Nov 2025	9.8%
Oct 2025	9.8%
Sep 2025	9.9%
Aug 2025	9.9%
Jul 2025	7.8%

Period	%
Jul 2026	8.2%
Jun 2026	9.2%
May 2026	9.7%
Apr 2026	9.5%
Mar 2026	9.0%
Feb 2026	8.3%
Jan 2026	8.5%
Dec 2025	8.6%
Nov 2025	8.6%
Oct 2025	8.4%
Sep 2025	8.6%
Aug 2025	8.5%
Jul 2025	6.6%
Jun 2025	5.8%
May 2025	5.4%
Apr 2025	4.9%
Mar 2025	5.1%
Feb 2025	5.2%
Jan 2025	5.3%
Dec 2024	5.5%
Nov 2024	5.4%
Oct 2024	5.0%
Sep 2024	4.8%
Aug 2024	5.3%
Jul 2024	5.8%
Jun 2024	5.3%
May 2024	5.8%
Apr 2024	6.2%
Mar 2024	6.7%
Feb 2024	7.1%
Jan 2024	7.3%
Dec 2023	7.0%
Nov 2023	6.9%
Oct 2023	8.3%
Sep 2023	9.2%
Aug 2023	9.3%
Jul 2023	8.9%
Jun 2023	9.3%
May 2023	9.6%
Apr 2023	10.4%
Mar 2023	12.1%
Feb 2023	13.4%
Jan 2023	13.4%
Dec 2022	14.1%
Nov 2022	14.6%
Oct 2022	13.5%
Sep 2022	13.4%
Aug 2022	13.3%
Jul 2022	13.0%
Jun 2022	13.0%
May 2022	12.4%
Apr 2022	11.7%
Mar 2022	9.6%
Feb 2022	7.9%
Jan 2022	7.2%
Dec 2021	6.7%
Nov 2021	6.7%
Oct 2021	6.5%
Sep 2021	5.2%
Aug 2021	4.0%

Period	%
Jul 2026	0.4%
Jun 2026	-0.1%
May 2026	0.7%
Apr 2026	0.7%
Mar 2026	0.9%
Feb 2026	0.6%
Jan 2026	0.8%
Dec 2025	0.2%
Nov 2025	0.5%
Oct 2025	0.5%
Sep 2025	0.5%
Aug 2025	2.1%
Jul 2025	1.3%
Jun 2025	0.4%
May 2025	0.5%
Apr 2025	0.2%
Mar 2025	0.4%
Feb 2025	0.7%
Jan 2025	0.9%
Dec 2024	0.3%
Nov 2024	0.3%
Oct 2024	0.7%
Sep 2024	0.4%
Aug 2024	0.3%
Jul 2024	0.6%
Jun 2024	0.1%
May 2024	0.0%
Apr 2024	0.4%
Mar 2024	0.4%
Feb 2024	0.8%
Jan 2024	1.1%
Dec 2023	0.2%
Nov 2023	-0.1%
Oct 2023	0.6%
Sep 2023	0.8%
Aug 2023	0.8%
Jul 2023	0.2%
Jun 2023	0.5%
May 2023	0.5%
Apr 2023	0.8%
Mar 2023	0.8%
Feb 2023	1.0%
Jan 2023	0.8%
Dec 2022	0.1%
Nov 2022	1.2%
Oct 2022	1.4%
Sep 2022	0.9%
Aug 2022	0.4%
Jul 2022	0.5%
Jun 2022	0.8%
May 2022	1.2%
Apr 2022	2.4%
Mar 2022	2.0%
Feb 2022	1.0%
Jan 2022	1.4%
Dec 2021	0.5%
Nov 2021	0.3%
Oct 2021	1.3%
Sep 2021	0.8%
Aug 2021	0.2%

About this indicator

Source	National Institute of Statistics Romania
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Measures the change in the prices of a representative basket of goods and services bought by Romanian households, compiled by the National Institute of Statistics (INS) under the EU's harmonised methodology (HICP). It makes Romanian inflation comparable with the rest of Europe.
How it's calculated	Built from a regular survey of prices at outlets across the country, with each item weighted by household spending under the harmonised COICOP classification. It is published as an index against a base year, with the year-on-year (YoY) and month-on-month (MoM) rates the headline figures.
Market implications	Inflation is the key reference for the National Bank of Romania (BNR) when setting interest rates. A hotter-than-expected reading reinforces expectations of higher rates and tends to support the leu, while a softer one fuels bets on cuts.
Limitations	Being harmonised, it does not capture every feature of national consumption and can diverge from the traditional Romanian CPI. To gauge the underlying trend, analysts watch core inflation, which strips out the more volatile energy and unprocessed food, as well as administered prices.