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Aug 10, 2023 12:03 EEST
August 10 (SeeNews) - Moldova's consumer prices rose by 10.8% year-on-year in July, decelerating from an annual increase of 13.2% in June, the statistical office said on Thursday.
Prices of services and food continued to be the main inflation drivers in July, jumping by an annual 18.1% and 11.5%, respectively, the National Bureau of Statistics, BNS, said in a statement.
Prices of non-food products rose 5.4% on the year in July.
On a monthly comparison basis, Moldova's consumer prices inched down by 0.8% in July, following a 0.5% monthly decrease in June. Prices of services fell by 2.3% on the month, accounting for a decrease of 0.6 percentage points in average consumer prices. Food prices inched down by 1.2%, while non-food prices edged up by 0.7% on the month in July.
On August 9, Moldova's central bank decided to keep its policy rate unchanged at 6%, after five previous cuts delivered since August 2022.
(1 euro=19.4272 Moldovan lei)
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