ANUL INDICII PRETURILOR DE CONSUM-% RATA INFLATIEI-% 1971 100,6 0,6 1972 100,0 0,0 1973 100,7 0,7 1974 101,1 1,1 1975 100,2 0,2 1976 100,6 0,6 1977 100,6 0,6 1978 101,6 1,6 1979 102,0 2,0 1980 102,1 2,1 1981 103,1 3,1 1982 117,8 17,8 1983 104,1 4,1 1984 101,1 1,1 1985 100,8 0,8 1986 101,0 1,0 1987 100,9 0,9 1988 102,2 2,2 1989 101,1 1,1 1990 105,1 5,1 1991 270,2 170,2 1992 310,4 210,4 1993 356,1 256,1 1994 236,7 136,7 1995 132,3 32,3 1996 138,8 38,8 1997 254,8 154,8 1998 159,1 59,1 1999 145,8 45,8 2000 145,7 45,7 2001 134,5 34,5 2002 122,5 22,5 2003 115,3 15,3 2004 111,9 11,9 2005 109,0 9,0 2006 106,56 6,6 2007 104,84 4,8 2008 107,85 7,9 2009 105,59 5,6 2010 106,09 6,1 2011 105,79 5,8 2012 103,33 3,3 2013 103,98 4,0 2014 101,07 1,1 2015 99,41 -0,6 2016 98,45 -1,5 2017 101,34 1,3 2018 104,63 4,6 2019 103,83 3,8 2020 102,63 2,6 2021 105,05 5,1 2022 113,80 13,8 2023 110,40 10,4

The table shows the annual inflation rates in Romania from 1971 to 2023. The inflation rate is calculated as the percentage change in the Consumer Price Index (CPI) from one year to the next. The CPI is a measure of the average prices of a basket of goods and services commonly purchased by households.

The table shows that inflation in Romania has been relatively low in recent years. In 2023, the inflation rate was 10.4%, which is below the historical average of 12.5%. However, inflation is expected to increase in the coming years due to a number of factors, including rising energy prices and the war in Ukraine.

The following are some of the key trends in inflation in Romania:

• Inflation has been relatively low in recent years, but it is expected to increase in the coming years.
• The highest inflation rates in Romania were recorded in the early 1990s, when they reached over 200%.
• Inflation has been more volatile in Romania than in other developed countries.
• The main drivers of inflation in Romania are energy prices, food prices, and the exchange rate.

The following are some of the policy implications of inflation in Romania:

• The government may need to take steps to reduce inflation, such as raising interest rates or reducing government spending.
• The government may also need to provide support to low-income households who are most affected by inflation.
• Inflation can make it difficult for businesses to plan for the future and can lead to uncertainty in the economy.

Overall, inflation is a complex issue with a number of different causes and consequences. The government and businesses need to be aware of the risks posed by inflation and take steps to mitigate them.

Here are some additional details about the data in the table:

• The data is from the National Institute of Statistics of Romania.
• The data is for the Consumer Price Index (CPI).
• The data is for the whole country of Romania.
• The data is not seasonally adjusted.

Using this code:

df[‘RATA INFLATIEI-%’] = df[‘RATA INFLATIEI-%’].astype(float)
df[‘Yearly Change in Inflation Rate’] = df[‘RATA INFLATIEI-%’].diff()

Find the year with the highest absolute change in inflation rate

max_change_year = df.iloc[df[‘Yearly Change in Inflation Rate’].abs().idxmax()]

print(‘Year with the most significant change in inflation rate:’)
print(max_change_year[[‘ANUL’, ‘RATA INFLATIEI-%’, ‘Yearly Change in Inflation Rate’]])

The year with the most significant change in inflation rate was 1991, with an inflation rate of 170.2%, marking a change of 165.1% from the previous year. This indicates a substantial increase in inflation during that period.