Annual inflation rate continued downward trend in 2023

19:00 | 13.02.2024 Category: Economic

Chisinau, Feb. 13 /MOLDPRES/- In 2023, the annual inflation rate continued the downward trend of late 2022, and in the last quarter it entered the target range. Thus, the annual inflation rate decreased from 8.6 percent in September 2023 to 4.2 percent in December 2023. The information was included in the inflation report, presented by Governor of the National Bank of Moldova (BNM) Anca Dragu today.

"For the fourth month in a row, inflation remains within the range of the target, i.e. in the range of 3.5 - 6.5%. For December 2023, inflation stood at 4.2 percent, and in January 2024, recent figures show inflation at 4.6 percent. The downward trend of the annual inflation rate was supported by the decrease in contributions from regulated prices, food prices and to a lesser extent - by core inflation," Dragu said.

According to BNM data, the annual inflation rate will continue to have a relatively stable trend for the entire forecast period, which includes the period from the first quarter of 2024 to the fourth quarter of 2025.

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.