National Bureau of Statistics informs that, average consumer prices in August 2023 decreased in comparison with July 2023 with about 0,1%, being marked a further reduction of the monthly inflation rate, registered since June 2023.

Respectively, annual inflation in August 2023 (compared to August 2022) amounted to 9,7%, decreasing by 1,1 percentage points compared to the level recorded in July this year compared to July 2022 (10,8%).

Monthly inflation

The average consumer prices in August 2023 compared to July 2023 decreased by about 0,1% (informative: in August 2022 compared to July 2022, average prices increased by 0,9%).

Average consumer prices in August 2023 compared to July 2023 increased to:

• non-food goods, by about 0,4%, contributing to the increase in average consumer prices by 0,2%;
• services supplied to households by 0,2%, contributing to the decrease in average consumer prices by 0,1%.

In August 2023 compared to July 2023, among food products, more marked decreases in average consumer prices were marked in vegetables - by 8,7%, fruit - by 1,5%, sugar - by 1,1%, vegetable oil - by 1,0%. At the same time, during the period under review, price increases were recorded for chicken eggs - by 17,2%.

In non-food goods, average consumer prices of fuels and combustibles increased in the reporting period - by 3,4% (including diesel - by 10,5% and gasoline - by 3,9%), clothing - by 0,4%. 

At the same time, in services provided to the population, in August 2023 compared to July 2023 the prices of drinking water supply and sewerage services increased - by 4,0%, and passenger transport services - by 3,7%.

At the same time, more marked decreases in prices (tariffs) in the current month were recorded for regulated2 electricity supply tariffs - by 2,6%.

Cumulative inflation from the beginning of the year

Average consumer prices in August 2023 compared to December 2022 (from the beginning of this year) increased by 3,5%, including food - by 2,2%, non-food goods - by 2,5% and household services - by 7,1%.

Annual inflation

Average consumer prices in August 2023 compared to August 2022 (over the last 12 months) increased by 9,7%, including food by 9,6%, non-food goods by 5,5% and household services by 16,3%.

Table 1. Inflation rate in August 2023²

Source of data in .xlsx format

Table 2. Consumer price indices in August 2023, by divisions of consumer goods and services, according to COICOP

Source of data in .xlsx format

Source of data in .xlsx format

Source of data in .xlsx format

More details can be obtained in:

• Methodology of the Consumer Price Index in the Republic of Moldova
• The nomenclature of representative products included in the selective research for calculating the CPI

Relevant information:

• Statistical data bank / Economic statistics / Prices / Consumer price indices
• Consumer Price Index Calculator
• Reference metadata / Consumer Price Index
• Concepts and definitions / Consumer price index
• Calendar of electronic dissemination of statistical information in 2023

Note:

¹ The information is presented without the data on districts from the left side of the Dniester River and the municipality of Bender,
² Table 1 includes information on the inflation rate on 3 major groups of goods and services, as well as on some representative groups, aggregated according to the national classification used to calculate the CPI:

• the major group "Food products" includes milling and bakery products, meat, meat preparations and preserves, fish and preserved fish, milk and dairy products, eggs, fats, fresh fruit, other fruit and preserves, vegetables, potatoes, sweets and spices, non-alcoholic beverages, alcoholic beverages,
• the major group "Non-food goods" includes cigarettes, fabrics, clothing, knitting, footwear, furniture, means of transport and auto parts, printed publications, fuels and fuels, other goods,
• the major group "Services" includes education and training, communal-housing services, public food, health, car repair services, transport services, other services,

³ Starting from January 2023, the CPI calculations are made using the weighting coefficients calculated on the basis of the data for the year 2021.

More detailed information is available in Romanian language and in Statbank.