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Annual inflation rate will probably drop to single-digit in next quarter (central bank)

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The annual inflation rate is likely to fall to single-digit in the next quarter and to 7.1 percent in December 2023, compared to 7 percent in the previous projection, and then it will be reduced to 4.2 percent in December 2024, according to the Minute of the monetary policy meeting of the Board of Directors of the of Romania of May 10, 2023.

"Regarding the future macro-economic developments, the members of the Council noted that the new assessments reconfirm the inflation outlook highlighted in the February forecast, indicating the further decrease of the annual inflation rate…

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