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Annual inflation (over the last 12 months) continues to decrease in Moldova, reaching 16.26% in May 2023 against 18.1% a month earlier.

Annual inflation (over the last 12 months) continues to decrease in Moldova, reaching 16.26% in May 2023 against 18.1% a month earlier.

The National Bureau of Statistics (NBS) reported this, noting that last May annual inflation in Moldova reached 29.05%. At the same time, in May, the average consumer prices for foodstuffs rose by 13.97%, for non-foodstuffs - by 8.23% and for services provided to the population - by 33.27% compared to May, 2023. As noted by the NBS, as a result of the slower growth of monthly inflation in May of this year (0.45%) compared to the monthly inflation rate in May 2022 (2.04%), the annual inflation rate in May 2023 (16.26%) decreased by 1.84 p.p., compared to the annual inflation in April 2023 (18.1%). Thus, in May 2023, there was registered a further decline in the annual inflation rate, which began in November 2022. // 09.06.2023 - InfoMarket.

News on the subject

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ANRE has approved a 38.2% decrease in natural gas tariffs for household consumers of Moldova - to 16.73 lei per 1 cubic meter excluding VAT or 18.06 lei including VAT.
The World Bank raised the forecast for Moldova's GDP growth in 2023 by 0.2 p.p. - from 1.6% to 1.8%.
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