Annual inflation rate in Romania rose to 9.9% in August, from 7.84% in July, as non-food goods prices rose by 10.48%, services by 9.85% and food goods by 8.92%, according to data published on Thursday by the National Institute of Statistics (INS).

The consumer price index in August 2025 compared with July 2025 was 102.10%. The inflation rate at the beginning of the year (August 2025 as against December 2024) was 8.1%. The annual inflation rate in August 2025 as against August 2024 was 9.9%. The average rate of change in consumer prices in the last 12 months (September 2024 – August 2025) compared with the previous 12 months (September 2023 – August 2024) was 5.7%.

The Governor of the National Bank of Romania (BNR), Mugur Isarescu, said in August that inflation will form a hump in September, when a peak of 9.6-9.7% will be recorded, expected to go down to just above 9% at the end of the year.

BNR has revised upwards its inflation forecast for the end of 2025 to 8.8%, probably above 9%, from 4.6% previously, and it anticipates that it will reach 3% at the end of 2026, as against 3.4% in its previous forecast.

On August 1, standard Value Added Tax (VAT) in Romania increased to 21%, from 19% previously. The only single reduced VAT rate is 11%.

AGERPRES