The annual inflation rate in Moldova dropped to 4.4 percent in June 2019 from 4.6 percent in the previous month. Prices advanced at a slower pace for food products (7.3 percent vs 8 percent in May), led by vegetables (28 percent vs 45.8 percent) and eggs (-7 percent vs 7.4 percent); and fell for services (-0.3 percent vs 0.1 percent). In contrast, cost rose further for non-food products (4.4 percent vs 4 percent). On a monthly basis, consumer prices went down 0.2 percent, after increasing 1.4 percent in the previous month. Inflation Rate in Moldova averaged 6.57 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 4.90 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 4.70 in 12 months time. In the long-term, the Moldova Inflation Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.