Consumer price inflation in Romania spiked to around 3% in January and February from an annual rate of 2.06% in December 2020, well above expectations, driven by the liberalization of the retail electricity market and following a rise in fuel prices driven by higher oil prices.
The central bank said in its report it expects inflation to remain on a growing trend until the end of this year. It then sees inflation slowing at the beginning of next year.
The central bank sees inflation at 2.8% at the end of 2022.