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Economics

FOR FIRST TIME SINCE APRIL 2018, INFLATION IN MOLDOVA RETURNS TO NBM-SET CORRIDOR

11 june, 2019
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Consumer price index in Moldova amounted to 1.4% against 0.8% in April. Since the year beginning, the cumulative inflation rate reached 4.5%, and over the past 12 months – 4.6%, for the first time since April 2018, returning to the target corridor set by the National Bank of Moldova (NBM) – 5% plus or minus 1.5%.

According to the National Bureau of Statistics (NBS), the rise in inflation was mainly caused by the increase in food prices, which went up by an average of 2.8% over a month, while non-food products got up by only 0.6% and services by 0.2%.

As for the food prices, potatoes were the most expensive – 82.4%, beets – 47.1%, carrots – 44.2%, grapes – 30.4%, onions – 20%. At the same time, the NBS noted a decline in prices for cucumbers – 17.6%, zucchini – 16.8%, cabbage – 15.6%, strawberries – 10.6%, tomatoes – 8.9%.

Fuel got up by 3.1%, air conditioners – 2.1%, vacuum cleaners – 1.9%. Herewith, prices for winter clothes like jackets, sweaters, winter and decreased down to 0.4%.

As for the services, there is an increase in the price of railroad tickets – 13.8%, taxi services – 5.3%, package tours – 2.2%, and flight tickets – 1.9%.

Infotag’s dossier: In 2018, inflation in Moldova was 0.9%, including 0% – in May. In 2019, the NBM expects the consumer price index to be within 5.1%.

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