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  2. Economy

NBR Governor Mugur Isărescu will present his quarterly report on Tuesday, highlighting a jump in inflation in Q3 2025 due to tax changes.

Ana-Maria Tapescu
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12 August 2025, 09:50
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The report expects the annual inflation rate to increase significantly in the third quarter of 2025 as a result of the expiry of the electricity price cap scheme and the increase in VAT and excise tax rates, scheduled for August 1. Inflation will also decline slowly in the following quarters, but will remain on a higher trajectory than in previous projections, according to the analysis of the NBR's Governing Council.

Sources

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Financial Intelligence
Guvernatorul băncii centrale prezintă marţi Raportul trimestrial asupra inflaţiei
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Stirile ProTV
Mugur Isărescu prezintă raportul trimestrial asupra inflației. Prognozele BNR
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Economica
Mugur Isărescu, guvernatorul BNR, va prezenta azi raportul trimestrial asupra inflației
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Ziarul Financiar
Conferinţă BNR. Ce spune guvernatorul Mugur Isărescu despre inflaţie, creşterea preţurilor şi evoluţia economiei şi a dobânzilor
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Hot News
LIVEVIDEO Guvernatorul Mugur Isărescu susține o conferință de presă după ce inflația a urcat în iulie la aproape 8%
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Ziare.com
Isărescu anunță o creștere masivă a inflației. Motivele identificate de BNR

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NEWS ON THE SAME TOPICS

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Economy
Mugur Isărescu says that the euro would have reached 4.4 lei without market intervention.
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Economy
The annual inflation rate in Romania is estimated to reach 10.3% in 2026, with high risks for the leu and economic activity.
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Current Affairs
The governor of the NBR, Mugur Isărescu, appreciates that the new government must maintain the current level of taxes and avoid tax cuts to ensure fiscal adjustment.
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Economy
Eurostat: Inflation in the EU rises to 3.3%, Romania remains with the highest rate of 9.7%
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The BNR estimates an inflation rate of 5.5% for the end of 2026, but BCR warns that the forecast does not include the impact of the depreciation of the leu from May.
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Economy
The annual inflation rate in Romania rose to 10.85% in May, according to the National Institute of Statistics. Economists warn about inflationary pressures.
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Mugur Isărescu NBR Economic Report inflation

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