Inflation Romania 2023
Average inflation: 10.5%
Current Inflation
Inflation is very high at 10.5%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 15.5%. The lowest inflation was in December at 6.6%.
- Highest month
- February: 15.5%
- Lowest month
- December: 6.6%
- Difference
- 8.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.2%. The lowest price increase was in Core inflation with an average of 11.0%.
- Highest increase
- Food: 15.2%
- Lowest increase
- Core inflation: 11.0%
Historical Context
Current inflation is 3.3% higher than the 5-year average of 7.2%.
- 5-year average
- 7.2%
- 10-year average
- 4.1%
- All-time high (2022)
- 13.8%
- All-time low (2016)
- -1.5%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -3.3 percentage point.
- Change vs. previous year
- -3.3 percentage points
- Largest monthly swing
- November: -10.1 percentage points
ECB Target
Inflation is 8.5% 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 €110.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 15.1% | +6.7 |
| February | 15.5% | +7.0 |
| March | 14.5% | +4.4 |
| April | 11.2% | -2.6 |
| May | 10.6% | -3.9 |
| June | 10.2% | -4.9 |
| July | 9.4% | -5.6 |
| August | 9.4% | -5.9 |
| September | 8.8% | -7.1 |
| October | 8.1% | -7.2 |
| November | 6.7% | -10.1 |
| December | 6.6% | -9.8 |
| Average | 10.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.