Producer prices in Moldova fell 0.4 percent year-on-year in November of 2018, following a 0.3 percent drop in the previous month. It was the fifth straight month decrease in producer prices, as cost declined further for manufacturing (-0.5 percent from -0.4 percent in October), namely computer, electronic & optical products (-0.2 percent from -0.1 percent); furniture (-0.4 percent from -0.3 percent) and leather & related products (-1.1 percent from -1 percent). Meanwhile, inflation was steady for electricity, gas, steam & air conditioning supply (0.3 percent, the same as in October) and prices rose faster for mining & quarrying (4.2 percent from 3.9 percent). On a monthly basis, producer prices showed no growth, the same as in October. Producer Prices Change in Moldova averaged 7.32 percent from 2000 until 2018, 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 0.80 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 1.10 in 12 months time. In the long-term, the Moldova Producer Prices Change is projected to trend around 1.20 percent in 2020, according to our econometric models.