Research Detail
| 2023/10/12 / Erste Group Research |
Romania Special | Oil price pass-through into inflation Oil price shocks driven by geopolitical tensions brought back memories of supply-side inflationary spikes. In our latest special report, we decided to have a closer look at oil price pass-through into domestic consumer prices. We concluded that the main inflationary impact on the first year corresponds to the direct first-round effect, whereas indirect first-round effects are quite modest, but their relevance increases a year after. The second-round effect from wage indexation, on the other hand, seems to be quite modest in the first two years. |
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General information
| Author | Erste Group Research |
| Date | 2023/10/12 |
| Language |  |
| Product name | CEE Economies Special Report |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | CEE, Romania |
| Currency in focus | Romanian Leu |
| Sector in focus | - |
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