The Central Bank of Moldova has raised its inflation forecast for 2022 to 27.3% from 18.8% due to the war in Ukraine and the pandemic.
The governor of the Central Bank of Moldova, Octavian Armasu, said he expects inflation to slow to 16.5% in 2023.
Inflation rose to 27.07% in April on an annual basis, from 22.16% in March.
“Inflation in Moldova is higher than in other countries due to the higher percentage of imports in the food basket. The reason for the high inflation is the consequences of the pandemic and the war in Ukraine,” Armasu said.
He added that the rise in oil prices had contributed to inflation.
He also predicted that inflation would peak in the third quarter of 2022, and then fall.
Source: Capital
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