Producer prices in Moldova increased 2.1 percent year-on-year in June of 2019, up from a 1.5 percent rise in the previous month. It is the highest producer inflation since December last year, as cost advanced faster for manufacturing (2.1 percent from 1.4 percent in May) and mining & quarrying (17.9 percent from 17.6 percent). Meanwhile, prices fell further for electricity, gas, steam & air conditioning supply (-1.7 percent from -0.3 percent). On a monthly basis, producer prices went up 0.7 percent, recovering from a 0.1 percent fall in May. Producer Prices Change in Moldova averaged 7.13 percent from 2000 until 2019, reaching an all time high of 40.30 percent in April of 2000 and a record low of -4.90 percent in March of 2009.
Producer Prices Change in Moldova is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Moldova to stand at 2.30 in 12 months time. In the long-term, the Moldova Producer Prices Change is projected to trend around 2.50 percent in 2020, according to our econometric models.