There are clear signals that in October 2023 inflation was within the range of the target variation – the NBM.
The National Bank of Moldova (NBM) reported this, noting that the annual inflation rate fell from 13.2% in June this year to 8.6% in September. Average annual inflation in the third quarter of 2023 amounted to 9.7%, 0.5 percentage points above the NBM's forecast. The deviation was mainly caused by the delay in the reduction of tariffs for natural gas and heat energy, as well as by the unexpected increase in oil prices. As emphasized by the National Bank of Moldova, the tariff increase with its side effects, the war in Ukraine, the drought last summer, the cooler spring and the increase in excise taxes since the beginning of the year have kept inflation above the target. But weak demand starting in mid-2022 and the appreciation of the leu (MDL) since the beginning of the year are easing that pressure. "There are clear signals that inflation was within the target range this October," the NBM said. It should be noted that the National Bureau of Statistics will publish data on inflation in October on November 10. // 08.11.2023 – InfoMarket
