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Sep 11, 2023 15:07 EEST
September 11 (SeeNews) - Moldova's consumer prices rose by 9.7% year-on-year in August, decelerating from a 10.8% annual increase in July, the national statistical service said on Monday.
Prices of services and food continued to be the main inflation drivers in August, jumping by an annual 16.3% and 9.6%, respectively, the National Bureau of Statistics, BNS, said in a statement.
Prices of non-food products rose 5.5% on the year in August.
On a monthly comparison basis, Moldova's consumer prices inched down by 0.1% in August, following a 0.8% monthly decrease in July. Food prices fell by 0.77% on the month, accounting for a decrease of 0.28 percentage points in average consumer prices. Prices of services inched down by 0.21%, while non-food prices were down by 0.39% on the month in August.
On August 9, Moldova's central bank decided to keep its policy rate unchanged at 6%, following five consecutive rate cuts implemented since August 2022.
(1 euro=19.2593 Moldovan lei)
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