The annual inflation rate fell to 9.69% in December, from 9.76% in November, as services rose by 11%, non-food items by 10.48%, and food items by 7.75%, according to data published on Wednesday by the National Institute of Statistics (INS).
"The consumer price index was 100.22% in December 2025 against November 2025. The annual inflation rate was 9.7% in December 2025 against December 2024. The average change in consumer prices in the last 12 months (January 2025 - December 2025) was 7.3% compared to the previous 12 months (January 2024 - December 2024)," the INS press release states.
According to the same source, the harmonised consumer price index stood at 100.23% in December 2025 compared to November 2025. The annual inflation rate stood at 8.6% in December 2025 compared to December 2024, calculated based on the harmonised index of consumer prices (HICP). The average change in consumer prices was 6.8% in the last 12 months (January 2025 - December 2025) compared to the previous 12 months (January 2024 - December 2024), determined based on the HICP.
The National Bank of Romania (BNR) has revised upwards, to 9.6%, from 8.8% previously, the inflation forecast for the end of 2025, and anticipates that it will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented in November by the BNR Governor, Mugur Isarescu.
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