Experts Club Information and Analytical Center has analyzed the inflation rate and its trends in Romania in recent years. Inflation in Romania in 2025 continues to show a moderate decline, while remaining above the National Bank’s target level. According to the National Institute of Statistics, in March 2025, annual inflation amounted to 4.86%, down from 5.02% in February.
Main components of inflation in March 2025.
Food products: price increase by 5.10%
Non-food products: increase by 3.84%
Services: up 6.99%
The greatest pressure on the overall price level is exerted by services, especially health care, education and utilities.
Historical inflation dynamics
To understand current trends, let’s look at the inflation rate in Romania in recent years.
2021: 5.05%
2022: 13.80%
2023: 10.40%
2024: 5.60%
These data show a significant increase in inflation in 2022, driven by global economic turmoil, and a gradual decline thereafter.
According to the European Commission’s forecasts, inflation in Romania is expected to continue to decline, reaching 3.4% by the end of 2025. However, risks related to fiscal policy and possible changes in tax legislation remain.
Romania’s central bank is taking a cautious approach, aiming to reduce inflation without damaging economic growth. With upcoming elections and increased public spending, the scope for further interest rate cuts is limited.
In Spain, according to the National Institute of Statistics (INE), annual harmonized inflation in March 2025 fell to 2.2% from 2.9% in February, the lowest rate in the last five months and below the forecast of 2.6%. The decline in inflation was driven by a drop in electricity prices due to increased hydropower production following heavy rainfall, as well as lower prices for fuel and motor oil.
Core inflation, which excludes fresh food and energy prices, also fell to 2.0% year-on-year, reaching its lowest level since November 2021.
Consumer prices in Italy, harmonized with European Union standards, rose by 2.1% year-on-year in March, according to preliminary data from the Istat statistical agency. The rate of increase accelerated from 1.7% in February and became the highest in a year and a half (since September 2023).
Analysts on average had forecast a 1.9% rise this month, according to Trading Economics,
The increase in consumer prices in March compared to the previous month amounted to 1.6% (after an increase of 0.1% in February).
Consumer prices in Italy, calculated according to local standards, increased by 2% yoy (also the highest in a year and a half) after rising by 1.6% in February.
Energy prices went up by 1.3%, tobacco products by 4.6%, food by 3.3%, and communication services by 0.8%.
Core inflation (excluding volatile energy and food prices) amounted to 1.7% in annual terms this month.
http://relocation.com.ua/v-italii-v-berezni-pryskorylasia-inflia/
Consumer prices in the euro area increased by 2.4% year-on-year in December, according to the latest data from the European Union’s statistical office. Thus, inflation accelerated from November’s 2.2% to its highest level since July. The final data coincided with both the preliminary estimate and analysts’ expectations.
Inflation in the service sector accelerated to 4% last month from 3.9% in November, while the rise in prices for food, alcohol, and tobacco products slowed to 2.6% from 2.7%. Industrial products went up by 0.5% (0.6%), and energy prices by 0.1% (down 2% in November).
The lowest inflation among the eurozone countries was recorded in Ireland (1%) and Italy (1.4%), and the highest in Croatia (4.5%).
In December, the growth in consumer prices excluding food and energy (CPI Core) amounted to 2.7% in annual terms, the same as in the previous month.
Consumer prices in the euro area in December rose by 0.4% compared to the previous month. In November, the figure fell by 0.3%.
Source: http://relocation.com.ua/infliatsiia-v-yevrozoni-v-hrudni-pryskory/
Inflation in Ukraine, which fell to 5.1% in 2023 after jumping to 26.6% a year earlier, rose to 12.0% in 2024, the State Statistics Service (Ukrstat) reported on Friday.
According to its data, consumer price growth in the country in December 2024 slowed to 1.4% from 1.9% in November, 1.8% in October and 1.5% in September.
The statistics agency recalled that in December 2023, consumer prices rose by 0.7%, so in annual terms, inflation in December 2024 increased to 12% from 11.2% in November, 9.7% in October, and 8.6% in September.
It is indicated that in December 2024, core inflation rose to 1.3% from 1.2% in November, returning to the level of October. Taking into account that in December 2023 it was zero, in annual terms, core inflation in 2024 rose to 10.7% from 4.9% in 2023, while in 2022 it was 22.6%.
At the end of October, the National Bank of Ukraine downgraded its inflation forecast for 2024 from 8.5% to 9.7%, and for 2025 from 6.6% to 6.9%.
The Ministry of Economy of Ukraine forecasted inflation at 9.5% in 2024 and expects it to be at the same level in 2025.
Consumer price growth in Ukraine accelerated to 1.8% in October 2024 from 1.5% in September, 0.6% in August, and zero in July, the State Statistics Service (Ukrstat) reported on Friday.
The statistics agency recalled that in October 2023, consumer prices rose by 0.8%, so year-on-year inflation in October 2024 rose to 9.7% from 8.6% in September, 7.5% in August and 5.4% in July.
It is indicated that in October-2024, core inflation decreased to 1.3% from 1.7% in September. Taking into account that in October-2023 it was equal to 0.4%, on an annualized basis, core inflation rose to 8.3% last month from 7.3% in September, 6.5% in August and 5.7% in July.
In the consumer market, prices for food and non-alcoholic beverages rose by 3.2% in October. Vegetables and eggs rose the most (by 18.2% and 18.1%). Prices for butter, fruit, milk and dairy products, sunflower oil, processed cereals, beef, soft drinks, bread, lard, fish and fish products increased by 6.9-1.3%. At the same time, sugar prices fell by 4.2%.
Prices for alcoholic beverages and tobacco products increased by 1.8%, driven by a 2.6% rise in the price of tobacco products.
The 1.0% increase in healthcare prices was primarily due to a 1.3% increase in prices for hospital services and a 1.2% increase in prices for outpatient services.
Transportation prices increased by 0.5%, mainly due to a 0.8% rise in fuel and oil prices and a 0.7% rise in road passenger transportation fares. At the same time, railroad passenger transportation fell by 4.7%.
As reported, inflation in Ukraine in 2023 fell to 5.1% after a jump in 2022 to 26.6% from 10.0% in 2021.
In late October, the National Bank of Ukraine downgraded its inflation forecast for 2024 from 8.5% to 9.7% and worsened it for 2025 from 6.6% to 6.9%. The NBU’s forecast envisages inflation falling to 6.9% at the end of 2025 and reaching the 5% target in 2026.
For more details, please see the website: https://expertsclub.eu/operatyvna-statystyka-pro-inflyacziyu-v-ukrayini/
