Moldova’s Annual Inflation Accelerates to 10.8% in October

Annual inflation accelerated to 10.8 per cent

Annual inflation in Moldova accelerated to 10.8 per cent in October from 8.6 per cent in September (6.96 per cent in August), reaching its highest level since June 2023. The latest figures have been released by the National Bureau of Statistics (NBS), which notes a peak in consumer price growth across all categories of goods and services.

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Moldova’s economy has faced yet another round of inflationary pressure. Consumer prices in the country are showing a steady upward trend, reflecting significant changes in tariff policy and rising costs of key resources.

The main driver continued to be inflation in the services sector, which rose to 18.1 per cent, primarily due to a sharp increase in regulated tariffs for natural gas (+56.2 per cent), heat (+33.7 per cent), passenger transport (+31.6 per cent) and electricity (+23.7 per cent).

Food inflation also accelerated: prices rose by 6.4 per cent, mainly driven by vegetables (+15.8 per cent), fruit (+9.2 per cent), wheat flour, bread and vegetable oil (all +6.1 per cent), as well as milk and dairy products (+5.8 per cent).

Meanwhile, inflation for non-food goods reached 9.5 per cent, mainly due to rising prices for fuel and lubricants (+37.4 per cent), including diesel (+82.0 per cent) and petrol (+46.8 per cent). Prices for footwear, clothing, medicines and building materials also rose. On a month-on-month basis, consumer prices rose by 2.7 per cent in October, following a 1.7 per cent increase the previous month.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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