EMERGECW→ Romania → Prices → BNR Inflation Target and Forecast → Financial Market Projections
Quarterly forecasts for Romania were added to the EMERGECW database. These series have a forecast horizon of 2 years and include series for overall inflation, core inflation, fuel, energy, food and administered prices. Also included are inflation target forecasts and forecast uncertainty for CPI, both with upper and lower bounds. These data are sourced from the National Bank of Romania and start in Q4 2023.
Chart: Since the November 2025 report, overall inflation forecasts for 2026 in Romania worsened from a quarterly average of 6.5% to 6.8% in the February 2026 report. Energy inflation increased almost a full percentage point for 2026 from a quarterly average of 9.9% to 10.8%. Note that the February report was released a full 10 days prior to the February 28 attacks on Iran, so it will be interesting to see how these forecasts change when the National Bank of Romania updates them in May.



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