Inflation Romania 2004
Average inflation: 11.9%
Current Inflation
Inflation is very high at 11.9%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 13.9%. The lowest inflation was in December at 9.3%.
- Highest month
- January: 13.9%
- Lowest month
- December: 9.3%
- Difference
- 4.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 12.3%. The lowest price increase was in Food with an average of 9.6%.
- Highest increase
- Core inflation: 12.3%
- Lowest increase
- Food: 9.6%
Historical Context
Current inflation is 9.3% lower than the 5-year average of 21.2%. This approaches the lowest level since records began (11.9% in 2004).
- 5-year average
- 21.2%
- 10-year average
- 21.2%
- All-time high (2001)
- 34.8%
- All-time low (2004)
- 11.9%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +3.4 percentage point.
- Change vs. previous year
- -3.4 percentage points
- Largest monthly swing
- October: -5.0 percentage points
ECB Target
Inflation is 9.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €111.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 13.9% | -2.7 |
| February | 13.7% | -2.6 |
| March | 13.1% | -4.0 |
| April | 12.5% | -3.5 |
| May | 12.3% | -2.1 |
| June | 12.0% | -2.0 |
| July | 12.1% | -2.7 |
| August | 12.4% | -1.8 |
| September | 11.1% | -4.8 |
| October | 10.8% | -5.0 |
| November | 9.9% | -4.6 |
| December | 9.3% | -4.8 |
| Average | 11.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.