Annual inflation in March 2025 was 8.8%, which is 0.2 percentage points higher than in February, and it still exceeds the upper limit of the fluctuation range of ±1.5 percentage points from the inflation target of 5% set by the NBM
This is stated in the materials of the National Bank of Moldova (NBM) regarding the latest decision of the NBM Executive Committee to keep the base rate applied to the main short-term monetary policy operations at 6.5% per annum. As noted, the increase in the annual inflation rate in the first quarter of 2025 was due to unfavorable industry trends, including the dynamics of regulated prices amid adjustments to gas, heat, and electricity tariffs, as well as rising food prices due to the dry summer of the previous year. However, weak domestic demand and global prices for petroleum products had a disinflationary effect on the annual inflation rate. Thus, in the first quarter of 2025, the average annual inflation rate was 8.8%, slightly higher than the forecast in the NBM's February 2025 inflation report, mainly due to positive deviations in regulated prices and food prices. // 12.05. 2025 — InfoMarket
