Romania’s central bank ups inflation forecasts for end-year 2026 to 2028

24 August 2026 According to the new forecasts issued by the National Bank of Romania (BNR), the annual inflation rate in the country will stand at 6.1% in December, compared with the previously estimated level of 5.5%, and will decrease to 3.4% in December 2027 and to 2.8% in June 2028, compared to 2.9% and 2.7%, respectively, forecast in May for the end of 2027 and March 2028. BNR officials part of the monetary policy meeting said that the inflation rate will undergo a substantial downward correction in Q3 2026, amid the exhaustion of the direct effects of the removal of the electricity price cap and the increase in VAT rates and excise duties. "The annual inflation rate will fluctuate slightly in Q4 2026 and will then resume its decline on a trajectory higher than that shown in the May 2