Romanians paid 4.45% more for food items in March 2019 compared with March 2018, while non-food prices grew 4.15%, and service prices grew 3.18%.
Compared with February, March food prices grew 0.48%, non-food prices grew 0.54%, and service prices grew 0.4%.
The annual inflation rate calculated on the basis of the Harmonised Index of Consumer Prices (HICP) is 4.2%.
The average inflation rate of the last 12 months (April 2018 – March 2019), compared with the previous 12 months (April 2017 – March 2018), calculated based on the consumer prices index (CPI), is 4.4%. The average inflation rate calculated based on the HICP is 4.1%.
The central bank sees year-end inflation at 3%, within its target band. Romania’s central bank targets inflation at 2.5% a year, with a variation band of one percentage point.