Romanian Inflation Stagnates as Impact From Tax Hikes Lingers

Romanian inflation stagnated last month as a raft of tax hikes and austerity measures to narrow a budget deficit that’s become the widest in the European Union continues to impact prices.

Consumer prices rose 9.8% from a year earlier in November, similar to Oct. reading, the statistics office in Bucharest said Friday. The inflation rate was above the 9.6% median estimate in a Bloomberg survey. Prices increased 0.4% from the previous month.

The report should buttress the central bank’s caution, with the benchmark rate unchanged at 6.5% since mid-2024 to help the economy overcome several shocks triggered by the ...