Prices in September rose, but inflation rate is within projected limits

The consume price index for the last 12 months in September was 3.9%, up 0.2 percentage points on August. It was within the projected inflation limits of 5% ±1.5 percentage points, IPN reports.

According to a communiqué of the National Bank of Moldova, inflation continues to be influenced by a series of internal and external factors, with those related to disinflation prevailing. The disinflation pressure is determined by the reduction in the world food prices and the modest demand.

The annual inflation rate in the third quarter of this year was by 0.1 percentage points higher than the forecasts made earlier. The cold weather in September and the monetary policy measures taken in the last two months neutralized the pronounced disinflation risks. Food prices last month rose by 2.5% on a month before. The rise stemmed mainly from the increase in the prices of eggs (over 28%), fresh vegetables (14%), milk and dairy products (2%), and meat and meat products (1.3%), being partially offset by the reduction in the prices of fresh fruit and potatoes.

Fuel prices in September increased by 0.2% on August following a rise in the price of firewood. The prices of regulated services grew by 0.2% as a result of an increase in maintenance costs and drug prices.

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