Annual inflation in Moldova decreased by 1.1 percentage points to 9.7% in August 2023, which is 0.2 p.p. above the forecasted value – the NBM.
According to the report of the National Bank of Moldova (NBM), the deviation of the actual inflation from the forecast was mainly caused by fuel prices as a result of a higher-than-expected increase in oil prices. The National Bank emphasizes that the increase in tariffs with its secondary consequences, the war in Ukraine and last summer's drought kept inflation above the target. Disinflationary demand starting from mid-2022 and the appreciation of the MDL since the beginning of this year continue to mitigate these factors. The NBM aims to keep inflation near the 5% target in the medium term. // 20.09.2023 – InfoMarket
