National Bureau of Statistics informs that average consumer prices in November 2023 increased compared to:

• October 2023 by about 0,2%;
• December 2022 (cumulative, since the beginning of this year) by 4,7%;
• October 2022 (over the last 12 months) by 5,5%.

Monthly inflation

The National Bureau of Statistics informs that average consumer prices in November 2023 compared to October 2023 increased by about 0,2% (informative: in November 2022 compared to October 2022, average prices increased by 1,0%).

The increase in average consumer prices was determined by the increase in prices of:

• food products by about 0,3%, contributing to the increase in average consumer prices by 0,1%;
• non-food goods by about 0,9%, contributing to the increase in average consumer prices by 0,4%;

Average consumer prices for services provided to the population in November this year compared to October 2023 decreased by 1,1%, contributing to a decrease in inflation by about 0,3%.

In November 2023 compared to October 2023, among food products, higher increases in average consumer prices were marked for chicken eggs - by 9,1%, vegetables - by 4,6%, milk and dairy products - by 0,5%.

In non-food goods, average consumer prices of footwear and clothing increased by 2,6% and 1,3%, respectively, construction materials - by 1,5%, while average consumer prices of fuels decreased by 1,6% (including diesel - by 6,8% and petrol - by 2,4%).

Regarding the services provided to the population, in November compared to October 2023, the regulated tariffs for electricity supply were reduced by 4,7%.

At the same time, it should be noted that, as a result of the Government granting subsidies for the payment of energy bills to household consumers, according to preliminary estimates, in November 2023 compared to October 2023, gas tariffs reduced - by about 5,9%, central heating and hot water preparation - by about 18,0%.

Inflation since the beginning of the year

Average consumer prices in November 2023 compared to December 2022 (from the beginning of the current year) increased by 4,7%, including food - by 3,7%, non-food goods - by 4,2% and services - by 6,6%.

Annual inflation

Average consumer prices in November 2023 compared to November 2022 (over the last 12 months) increased by 5,5%, including food by 5,0%, non-food by 4,2% and services by 7,9%.

Table 1. Inflation rate in November 2023²

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

Source of data in .xlsx format

Source of data in .xlsx format

International comparisons of monthly inflation

Preliminary data available on monthly inflation rates for November this year for some countries in the region are presented in Figure 3.

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.