Annual inflation rate in Moldova increased to 2.2 percent in January of 2019 from 0.9 percent in each of the previous two months. It was the highest inflation rate since September, as prices rose faster for non-food goods (3 percent from 1.7 percent in December) and food goods (3 percent from 2.2 percent). Meanwhile, cost of services fell at a softer pace (-0.3 percent from -2.3 percent), namely electricity supply (-9.9 percent from -11 percent). On a monthly basis, consumer prices went up 1.3 percent, following a 0.5 percent gain in December. Inflation Rate in Moldova averaged 6.67 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 2.70 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 6.00 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.