The annual inflation rate in Moldova rose to 3.2 percent in April of 2019 from 2.8 percent in the previous month. It was the highest inflation rate since August of 2018, as cost advanced faster for both food products (4.5 percent from 3.8 percent), namely meat, prepared and preserved meat (1 percent from 0.4 percent); milk & dairy products (2.3 percent from 2 percent); vegetables (40.5 percent from 35.1 percent) and bread (1.4 percent from 1 percent); and services (0.5 percent from 0.1 percent), as passenger transport services (1.7 percent from 0.8 percent) and public catering services (2.7 percent from 2.1 percent). Meanwhile, non-food inflation was steady (at 3.7 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.5 percent gain in March. Inflation Rate in Moldova averaged 6.60 percent from 2007 until 2019, reaching an all time high of 16.90 percent in May of 2008 and a record low of -2.30 percent in September of 2009.
Inflation Rate in Moldova is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Moldova to stand at 3.70 in 12 months time. In the long-term, the Moldova Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.