You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Moldova's annual inflation rate rises in Jan

Moldova's annual inflation rate rises in Jan Inflation, money Author (bnm.md) License: all rights reserved.

CHISINAU (Moldova), February 11 (SeeNews) - Moldova posted an annual consumer price inflation of 2.2% in January, up from 0.9% in the previous month, the National Bureau of Statistics, BNS, said on Monday.

The main inflation driver in January were food prices, which rose 3% year-on-year, BNS said in a statement.

Prices of non-food products rose by 3% on the year in January, while services depreciated by 0.3%.

Month-on-month, Moldova's consumer prices rose by 1.3% in December. Food price rose by 1.7%, while non-food prices rose 1.5%. Consumer prices in the services sector rose by 0.2% month-on-month.

Moldova’s central bank, BNM, lowered its 2018 inflation projection by 0.1 percentage points to 3.3% in November. In 2019, consumer prices in Moldova are expected to rise by 5.4%. BNM targets inflation of 5.0% plus or minus 1.5 pp.

On February 6, BNM decided to maintain its key rate at 6.5%, striving to keep inflation close to the target level.

BNM last revised its key monetary policy rate in December 2017, lowering it by 0.5% to 6.5%.

(1 euro= 19.3732 Moldovan lei)

Compare