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Moldova's annual inflation speeds up in Dec

Moldova's annual inflation speeds up in Dec 3DDock/

CHISINAU (Moldova), January 13 (SeeNews) - Moldova posted an annual consumer price inflation of 7.5% in December, up from 7.1% in the previous month, the National Bureau of Statistics, BNS, said.

The main inflation driver of inflation in December were food prices, which rose 12.4% year-on-year, BNS said in a statement on Saturday.

Prices of non-food products rose by 5.2% on the year in December, while services rose 3.5%.

Month-on-month, Moldova's consumer prices rose by 0.9% in December. Food price appreciated by 1.6%, while non-food prices grew 0.6%. Consumer prices in the services sector edged up by 0.1% month-on-month.

Moldova’s central bank, BNM, maintained its 2019 inflation projection to 5.0% in its latest report issued in November. In 2020, consumer prices are expected to rise by 5.9%, down 0.8 pp compared to the level projected in August.

On December 11, BNM decided to lower its key rate at 5.5% from 7.5%, aiming to keep inflation close to the target level.

(1 euro= 19.164 Moldovan lei)