Romania: price, money & credit indicators 2023

In March 2023, the consumer price index (CPI) in Romania grew by 14.5 percent relative to the same month of the previous year. Thus, the market basket of goods and services cost around 14 percent more in March 2023 than in March 2022. M1 monetary aggregate, or the supply of money, decreased by six percent year-over-year.

Year-over-year change in price, money, and credit indicators in Romania from February 2020 to March 2023

Characteristic	Consumer Price Index (CPI)	Non-governmental loans	Non-governmental deposits	M1 monetary aggregate*
Mar 2023	14.5%	10.2%	9.5%	-6%
Feb 2023	15.5%	10.6%	8.5%	-4.8%
Jan 2023	15.1%	11.5%	7.2%	-4.5%
Dec 2022	16.4%	12.1%	7.1%	-2.1%
Nov 2022	16.8%	13.2%	7.1%	-0.6%
Oct 2022	15.3%	14.7%	7.1%	2.4%
Sep 2022	15.9%	16%	8.7%	5.7%
Aug 2022	15.3%	15.9%	8.2%	6.3%
Jul 2022	15%	16.8%	9.7%	9.9%
Jun 2022	15%	17.5%	9.8%	10.9%
May 2022	14.5%	16.5%	10.4%	15.3%
Apr 2022	13.8%	15.8%	10.9%	17.1%
Mar 2022	10.2%	15.7%	11.1%	18.3%
Feb 2022	8.5%	15.8%	12.6%	19.3%
Jan 2022	8.4%	15.1%	13.5%	20.5%
Dec 2021	8.2%	14.8%	13.9%	20.5%
Nov 2021	7.8%	14.6%	12.7%	19.4%
Oct 2021	7.9%	13.5%	13.4%	21.1%
Sep 2021	6.3%	13.4%	13.9%	21.5%
Aug 2021	5.3%	12.8%	15.5%	23.7%
Jul 2021	5%	12.6%	15.3%	24.1%
Jun 2021	3.9%	11.2%	14.7%	22.7%
May 2021	3.8%	10.1%	13.7%	18%
Apr 2021	3.2%	8.3%	14.5%	19.7%
Mar 2021	3.1%	6.6%	14.7%	19.9%
Feb 2021	3.2%	5.3%	16.4%	25.4%
Jan 2021	3%	5.1%	15.8%	24.6%
Dec 2020	2.1%	5.5%	14.4%	21.9%
Nov 2020	2.1%	4.6%	15%	23.8%
Oct 2020	2.2%	4.1%	15.4%	24.8%
Sep 2020	2.5%	4%	14.7%	22.7%
Aug 2020	2.7%	3.7%	14%	22.6%
Jul 2020	2.8%	3.6%	13.6%	22.2%
Jun 2020	2.6%	4.1%	13.4%	21.9%
May 2020	2.3%	4.5%	13.9%	24.2%
Apr 2020	2.7%	4.5%	13.9%	20.6%
Mar 2020	3.1%	6.9%	13.6%	22.6%
Feb 2020	3.1%	7.6%	10.3%	16.9%

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Release date

November 2023

More information

Region

Romania

Survey time period

February 2020 to March 2023

Supplementary notes

M1 is a narrow measure of the money supply that includes physical currency, demand deposits, traveler’s checks, and other checkable deposits.

Release date is the date of access.

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