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Cost of Moldova's Consumer Basket Falls 10.9% Y/Y in Q2

Sep 18, 2009, 5:30:36 PMArticle by Kristina Belkina
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September 18 (SeeNews) - The average monthly cost of Moldova's consumer basket, measuring the per-capita cost of basic goods and services, fell by 10.9% on the year to 1,238 lei ($110/75 euro) in the second quarter of 2009, the country's statistics bureau said on Friday.

Cost of Moldova's Consumer Basket Falls 10.9% Y/Y in Q2

The decrease was mainly due to fall of food prices, the statistics bureau said in a statement.

The average monthly salary in Moldova, one of the poorest European countries, rose by a real 8.1% on the year to 2,793 lei in the second quarter, the statement said.

Farmers were the lowest paid employees in Moldova with an average monthly salary of 1,353 lei equivalent to 103.2% of the consumer basket cost in the second quarter.

In contrast, salaries of employees in the financial sector were 4.5 times higher than the average cost of the consumer basket.

(1 euro =16.4356 Moldovan lei)

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