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Moldova's consumer price inflation quickens to 13.9% y/y in Dec

Moldova's consumer price inflation quickens to 13.9% y/y in Dec Photo: Slovenia's SURS

BUCHAREST (Romania), January 11 (SeeNews) - Moldova's consumer prices rose 13.94% year-on-year in December, compared to 12.44% in the previous month, the National Bureau of Statistics, BNS, said on Tuesday.

The main inflation driver in December were food prices, which added 17.46% year-on-year, BNS said in a statement.

Prices of non-food products rose 112.06% on the year in December, while the cost of services increased by an annual 11.59%.

On a monthly comparison basis, Moldova's consumer prices rose 3.50% in December. Food prices rose 2.22%, while non-food prices were up by a monthly 1.07%. Consumer prices in the services sector added 1.72% month-on-month.

On December 3, Moldova's central bank raised its policy rate to 6.5% from 5.5%, in order to to create the monetary conditions necessary to temper the rise in consumer prices.

(1 euro = 20.3005 Moldovan lei)

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