Consumer prices get 1.8 times higher in August 2026 over 2017 averages

In August 2026, consumer prices in Romania were 1.8 times higher than in 2017, with significant increases in electricity, MTPL insurance, and food products. The inflation rate, which had been low from 2014 to 2020, surged starting in 2021, peaking at 13.8% in 2023. Monthly inflation rates fluctuated, with notable spikes in July and August 2025 due to market liberalization and tax hikes. Price increases were particularly pronounced in services, with MTPL insurance rising nearly 2.9 times. The analysis also highlights wage disparities within the statistical system, emphasizing the need for better compensation and legislation to retain skilled professionals.