Annual inflation rate in Moldova came in at 0.9 percent in December of 2018, unchanged from the previous month and remaining the lowest since December of 2009. Higher prices of food goods (2.2 percent from 2 percent in November) were offset by lower cost of non-food goods (1.7 percent from 2 percent). Within non-food goods, prices slowed for clothing (2.2 percent from 2.7 percent) and furniture (2.1 percent from 2.9 percent) while inflation was steady for fuels (7.4 percent, the same as in November). Meanwhile, cost of services decreased 2.3 percent, the same as in the prior month, mainly due to electricity supply (-11 percent, the same as in November) and gas supply (-20.2 percent, the same as in November). On a monthly basis, consumer prices went up 0.5 percent, following a 0.4 percent gain in November. Inflation Rate in Moldova averaged 6.70 percent from 2007 until 2018, 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.