August 10 (SeeNews) - Moldova's consumer prices rose by 4.23% year-on-year in July, at the same annual rate of increase recorded in the previous month, the National Bureau of Statistics, BNS, said on Monday.
The main inflation driver in July were food prices, which added 8.12% year-on-year, BNS said in a statement.
Prices of non-food products rose by 0.43% on the year in July, while the cost of services increased by 3.76%.
On a monthly comparison basis, Moldova's consumer prices edged down 0.23% in July. Food prices fell by 1.01%, while non-food prices rose by 0.24%. Consumer prices in the services sector edged up by 0.27% month-on-month.
On August 6, Moldova's central bank, BNM, said it has decided to cut its policy rate at 3.00% from 3.25%, taking into account the domestic disinflationary trend and global economic concerns related to the outbreak of the novel coronavirus disease (COVID-19).
(1 euro = 19.6806 Moldovan lei)