March 10 (SeeNews) - Moldova's consumer prices rose by 6.41% year-on-year in February, compared to a 6.85% increase in the previous month, the National Bureau of Statistics, BNS, said on Tuesday.
The main inflation driver in February were food prices, which added 11.04% year-on-year, BNS said in a statement.
Prices of non-food products rose by 3.24% on the year in February, while the cost of services increased by 3.83%.
Month-on-month, Moldova's consumer prices edged down by 0.02% in February. Food prices grew by 0.38%, while non-food prices fell by 0.44%. Consumer prices in the services sector fell by 0.04% month-on-month.
On March 4, Moldova's central bank cut its key rate to 4.5% from 5.5%, taking into account the domestic disinflationary trend and global economic concerns related to the coronavirus outbreak.
(1 euro = 19.7475 Moldovan lei)