Average consumer prices grew 1.4 per cent in April

Moldova's consumer price inflation accelerated to 6.6% year-on-year in April, from 5.1% in March, the National Bureau of Statistics, BNS, said on Thursday.

On a monthly comparison basis, consumer prices rose 1.4% in April, after increasing 0.4% in March, BNS said in a statement.

In April, food prices rose 2.8% on the month and were 7.0% higher on the year.

Prices of non-food products increased by 0.3% on the month and rose 5.5% on the year.

Prices of public utility and transport services were up 0.8% month-on-month and increased by 7.5% on the year in April.

At its last monetary policy meeting held in April, Moldova's central bank, BNM, decided to keep its key rate at 9.0%, striving to hold inflation rate close to its 5.0% target.

The central bank now projects 6.8% inflation in 2017 and 5.1% in 2018.
Moldova's consumer prices rose by 6.4% in 2016, after increasing by 9.7% in the previous year.

By See News.

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