The Evolution of Medicine Prices in Romania – An Analysis on the Consumer Price Index as Against December Using Jdemetra+ 2.2.4

Abstract The pricing of medicines has become a critical issue across the world, which has consequences on both healthcare accessibility and economic stability. In this regard, policymakers, healthcare providers, and the general public should understand the price change dynamics to ensure appropriate prices for the medicines and access to them by all. The focus in this paper is on the Consumer Price Index for medicines in Romania, for the January 2019 to December 2022 timeframe. In this research, JDemetra+ 2.2.4 has been used for seasonal adjustment in assessing the impacts of economic policy. Results show important seasonal variations which significantly influence the role that CPI plays as an indicator of inflation and its possible use for policy making. These findings highlight on the necessity of using seasonal adjustment methodologies for capturing correct price trends in the conditions of changing economic dynamics.