In Moldova, annual inflation continues its upward trajectory, which began in the second half of 2024, and in December it left the target corridor (5% ±1.5 percentage points), amounting to 6.97%.
This is stated in the National Bank's materials regarding the latest decision of the NBM Executive Committee to increase the base rate applied to the main operations of short-term monetary policy by 0.9 percentage points - 5.6% to 6.5% per annum. As noted, the annual inflation rate (over the past 12 months), recorded in December 2024, amounting to 6.97%, increased by 1.54 percentage points compared to the previous month and exceeded the upper limit of the target corridor set by the NBM of ±1.5 percentage points from the 5% figure. At the same time, in the fourth quarter of 2024, the average annual inflation rate was 5.9%, which is 0.9 percentage points higher than in the previous quarter. According to the NBM, the higher dynamics of the annual inflation rate in the fourth quarter of 2024 was due to some unfavorable industry events, including the dynamics of regulated prices and dry conditions in the summer of the previous year. The National Bank emphasized that moderate domestic demand continued to have a disinflationary effect on the annual inflation rate in the reporting period. // 05.02.2025 — InfoMarket
