In Moldova, annual inflation in October 2024 amounted to 5.3%, which is 0.1 percentage points higher than in September and remains close to the target of 5%
This is stated in the materials of the National Bank regarding the latest decision of the Executive Board of the NBM to maintain the base rate applied to the main operations of short-term monetary policy at 3.6% per annum. As noted, the evolution of inflation in October demonstrates a trajectory similar to that expected in the Inflation Review for November 2024. Structurally, the upward dynamics of the annual inflation rate in October 2024 was mainly determined by core inflation and food prices, but was mitigated by the dynamics of regulated prices and fuel prices. According to the NBM, the increase in food prices in October 2024 was caused by the hydrological drought in the summer of this year, which affected the agricultural harvest. The National Bank emphasized that the recent increase in tariffs highlights the risk of a higher than expected inflation trajectory in the next 3-4 months, but will not have a significant impact on inflation dynamics in the medium term.// 05.12.2024 — InfoMarket
