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

• September 2023 by about 0,5%

• December 2022 (cumulative, since the beginning of the current year) by 4,5%

• October 2022 (over the last 12 months) by 6,3%.

Monthly inflation

The National Bureau of Statistics informs that average consumer prices in October 2023 compared to September 2023 increased by about 0,5% (informative: in October 2022 compared to September 2022, average prices increased by 2,6%).

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

• food products by about 0,9%, contributing to the increase in average consumer prices by 0,32%
• non-food goods by about 0,3%, contributing to the increase in average consumer prices by 0,12%
• services by 0,1%, contributing to an increase in average consumer prices of 0,02%.

In October 2023 compared to September 2023, among food products, higher increases in average consumer prices were marked in vegetables - by 14,4%, chicken eggs - by 10,8%. At the same time, during this period, price decreases were recorded for fruits – by 6,2%, vegetable oil - by 2,4%, sugar - by 1,2%.

In non-food goods, average consumer prices for footwear increased by 2,9% and for clothing by 0,8%. During the reference period, while average consumer prices for fuels and combustibles decreased - by 1,4% (including gasoline - by 5,4% and diesel - by 0,3%).

Inflation since the beginning of the year

Average consumer prices in October 2023 compared to December 2022 (from the beginning of the current year) increased by 4,5%, including food - by 3,5%, non-food goods - by 3,2% and services - by 7,8%.

Annual inflation

Average consumer prices in October 2023 compared to October 2022 (over the last 12 months) increased by 6,3%, including food by 5,6%, non-food by 4,2% and services by 10,8% .

Table 1. Inflation rate in October 2023²

 Source of data in .xlsx format

Table 2. Consumer price indices in October 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

International comparisons of monthly inflation

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

Source of data in .xlsx format

The Republic of Moldova, in October 2023 compared to September 2023, recording an inflation of 0,5%, was below the level of inflation recorded in Georgia and Iceland (0,6% each), while exceeding the level of inflation marked in other countries analyzed: The Netherlands, Croatia (0,4% each), Belgium, Spain, Cyprus, Austria (0,3% each), Slovenia, Poland (0,2% each), Switzerland, France, Albania (0,1% each), Luxembourg, Germany (0,0%), Italy (-0,1%), Portugal (-0,2%), Latvia, Estonia (-0,4% each).

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 information is available in Romanian language.