The annual inflation rate in Moldova increased to 5.4 percent in July of 2019 from 4.4 percent in the previous month. It was the highest inflation rate since January of 2018, as cost advanced faster for food products (8.6 percent from 7.3 percent in June) and non-food products (4.6 percent from 4.4 percent). In addition, prices of services rebounded (1.4 percent from -0.3 percent). On a monthly basis, consumer prices went down 0.2 percent, the same as in June. Inflation Rate in Moldova averaged 6.56 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.