Consumer price indices in the Republic of Moldova in August 2023

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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.

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

Consumer goods and services

Weights of expenditure groups3

August 2023, in %
compared to:

Contribution on the overall change in consumer price in
August 2023 compared with the July 2023

July
2023

December
2022

August
2022

Total CPI

10000

-0,08

3,53

9,69

-0,08

Food goods

3669

-0,77

2,16

9,61

-0,28

Non-food goods

3932

0,39

2,53

5,49

0,15

Services

2399

0,21

7,07

16,31

0,05

Source of data in .xlsx format

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

Division

Specification

Weights of expenditure groups (by decimals)

August 2023, in % compared to:

Contribution on the overall change in consumer price in August 2023 compared with the July 2023

July
2023

December
2022

August 2022

 

 Total CPI

10000

99,92

103,53

109,69

-0,08

01

Food and non-alcoholic beverages

3504

99,18

101,91

109,48

-0,29

02

Alcoholic beverages and tobacco

355

100,08

112,46

115,45

0,00

03

Clothing and footwear

887

100,35

102,79

107,75

0,03

04

Housing, water, electricity, gas and other fuels

1190

99,67

108,75

122,60

-0,04

05

Furnishings, household equipment and routine household maintenance

864

100,16

104,13

109,17

0,01

06

Health

728

99,89

101,04

102,58

-0,01

07

Transport

996

101,59

100,44

101,10

0,16

08

Communication

452

99,93

100,03

100,66

0,00

09

Recreation and culture

274

100,51

100,79

104,97

0,01

10

Education

116

100,27

106,60

119,67

0,00

11

Restaurants and hotels

278

100,21

104,23

110,10

0,01

12

Miscellaneous goods and services

357

100,78

108,89

115,56

0,03

Source of data in .xlsx format

Source of data in .xlsx format

Source of data in .xlsx format

More details can be obtained in:

Relevant information:

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.

11.09.2023

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