Moldova: annual inflation rate in June 2024 returned to the corridor of fluctuations ±1.5 p.p. from the target of 5% after a temporary exit from it in May – the NBM
The National Bank of Moldova (NBM) reported this in its materials after the NBM Executive Committee adopted the last decision on monetary policy. The National Bank notes that in Moldova, the annual inflation rate in June 2024 amounted to 3.8%, which is 0.1 percentage points lower than in March. The downward dynamics of the annual inflation rate in Q2 was due, on the one hand, to the modest domestic demand and, on the other hand, to the trajectory of world food prices, domestic prices for agricultural and industrial products, fuel prices and regulated prices. The NBM emphasizes that aggregate demand continues to have a moderate disinflationary impact on the annual inflation rate, a fact that will be mitigated by some tariff adjustments, such as the increase in tariffs for medical services that took effect in July this year. In Q2 2024, the annual inflation rate amounted to 3.5% and was 0.5 percentage points lower than assumed in the forecast made in the May 2024 Inflation Report, mainly due to the negative deviation on the fuel price forecast. // 07.08.2024 - InfoMarket.
