Moldova Inflation Hits Over 3-Year High

2026-11-10 08:12 By Nicole Aliyah 1 min. read

Moldova’s annual inflation rate accelerated to 10.8% in October 2026 from 8.6% in September, marking its highest level since June 2023.

Services inflation remained the main driver, climbing to 18.1%, largely reflecting sharp increases in regulated natural gas tariffs (+56.2%), thermal energy (+33.7%), passenger transport (+31.6%), and electricity tariffs (+23.7%).

Food inflation also accelerated, with prices rising by 6.4%, led by vegetables (+15.8%), fruits (+9.2%), wheat flour, bread and vegetable oil (+6.1% each), and milk and dairy products (+5.8%).

Meanwhile, non-food inflation reached 9.5%, driven largely by higher fuel and lubricant prices (+37.4%), including diesel (+82.0%) and gasoline (+46.8%).

Prices also increased for footwear, clothing, medicines, and construction materials.

On a monthly basis, consumer prices rose by 2.7% in October, following a 1.7% increase in the previous month.



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Moldova Inflation Hits Over 3-Year High
Moldova’s annual inflation rate accelerated to 10.8% in October 2026 from 8.6% in September, marking its highest level since June 2023. Services inflation remained the main driver, climbing to 18.1%, largely reflecting sharp increases in regulated natural gas tariffs (+56.2%), thermal energy (+33.7%), passenger transport (+31.6%), and electricity tariffs (+23.7%). Food inflation also accelerated, with prices rising by 6.4%, led by vegetables (+15.8%), fruits (+9.2%), wheat flour, bread and vegetable oil (+6.1% each), and milk and dairy products (+5.8%). Meanwhile, non-food inflation reached 9.5%, driven largely by higher fuel and lubricant prices (+37.4%), including diesel (+82.0%) and gasoline (+46.8%). Prices also increased for footwear, clothing, medicines, and construction materials. On a monthly basis, consumer prices rose by 2.7% in October, following a 1.7% increase in the previous month.
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Moldova’s annual inflation rate rose to 8.6% in September 2026 from 7.0% in the previous month, marking the highest level since March 2025. Food inflation accelerated to 5.1% from 4.7% in August, with the largest increases recorded in vegetables (+8.0%), fruits (+6.6%), and milk and dairy products (+5.7%), followed by wheat flour and bread, eggs, vegetable oil, and meat, meat preparations and canned goods. Prices of non-food products also rose at a faster pace (9.0% vs. 8.2%), particularly for fuels and motor fuels (+34.5%), as well as footwear, clothing, medicines, and construction materials. Meanwhile, services inflation climbed to 12.6% from 8.1%, amid higher costs for passenger transport, regulated electricity and natural gas tariffs, drinking water supply, sewage services, and public catering. On a monthly basis, consumer prices rose by 1.7% in September, up from 0.2% in the previous month.
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The annual inflation rate in Moldova rose to 7.0% in August 2026 from 6.3% in the previous month, marking the highest level since November 2025. Prices of non-food products accelerated (8.2% vs 6.6% in July), driven by strong increases in fuels and motor fuels, footwear, clothing, construction materials, and medicines. At the same time, price growth in services rose further (8.1% vs 7.4%), supported by increases in passenger transport, regulated tariffs for electricity supply, drinking water supply and sewage services, and public catering. Meanwhile, inflation for food products moderated to 4.7% from 5.2%, despite notable increases in eggs, wheat flour and bread, milk and dairy products, vegetables, vegetable oil, fruits, and meat, meat preparations and canned goods. On a monthly basis, consumer prices edged up 0.2% in August, rebounding from a 0.1% decline in the prior month.
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