December 11 (SeeNews) - Moldova's annual consumer price inflation decelerated to 7.3% in November from 7.9% in October, the National Bureau of Statistics, BNS, said on Monday.
On a monthly comparison basis, consumer prices rose 0.7% in November, following a 1.5% advance in October, BNS said in a statement.
In November, food prices rose 9.6% on the year, while prices of non-food products increased 4.2%. Prices of public utility and transport services grew 7.9% year-on-year.
At its last monetary policy meeting held in December, Moldova's central bank, BNM, decided to lower its key rate at 6.5% from 7%, striving to keep inflation close to its 5.0% target. The bank also decided to decrease the interest rates on overnight loans from 10% to 9.5% annually and on overnight deposits from 4% to 3.5% annually.
The central bank now projects 6.5% inflation in 2017 and 4% in 2018.
Moldova's consumer prices rose 6.4% in 2016, after increasing 9.7% in the previous year.