February 15 (SeeNews) - Moldova's consumer prices rose 0.22% year-on-year in January, compared to 0.39% in the previous month, the National Bureau of Statistics, BNS, said.
The main inflation driver in January were food prices, which added 1.26% year-on-year, BNS said in a statement on Friday.
Prices of non-food products fell 0.08% on the year in January, while the cost of services decreased by an annual 0.95%.
On a monthly comparison basis, Moldova's consumer prices added 0.46% in January. Food prices rose 0.58%, while non-food prices were up by a monthly 0.60%. Consumer prices in the services sector edged up 0.08% month-on-month.
On January 29, Moldova's central bank, BNM, decided to maintain its policy rate at 2.65%, in order to boost domestic demand and economic activity.
BNM cut its 2021 inflation projection by 0.7 percentage points to 1.8% on February 5. The central bank targets annual inflation of 5% plus or minus 1.5 pp.
(1 euro = 21.1383 Moldovan lei)