Finances

DEFLATION REGISTERED IN MOLDOVA FOR SECOND CONSECUTIVE MONTH

11 september, 2018

Prices in Moldova keep falling for already the second consecutive month. In August, these shrank by on average 0.2% against 1.2% in July.

According to the National Bureau of Statistics (NBS) the negative index of the consumer prices is registered year to date as well - 0.6%. The annual inflation (August 2015 through August 2016) accounted for 3.2%, which does not meet the NBM target of 5% В± 1.5%.

The August deflation was primarily due to seasonal decline of food products prices - on average by 0.3%. Services cheapened by 0.2%, while prices on non-food products remained unchanged.

Infotag's dossier: In August 2017, 0.4% deflation was registered in Moldova. The annual inflation accounted for 7.3%. For 2018, the National Bank of Moldova was initially forecasting inflation within 4%, but has revised it three times; within the latest revision the forecasts were lowered to 3.2%.

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