OREANDA-NEWS. February 04, 2011. The National Bank Governor said at the press conference that the inflation rate in Moldova is under the control and in 2012 would approach indicators of the long-term prospects of 5%±1%. At the same time, the National Bank President emphasized that there are certain risks which may affect the inflation rate next two years.

“The dynamics of global prices for energy resources, foodstuffs, especially wheat and flour as well as unfavorable climate conditions may be the factors of revision and correction of the inflation forecasts”, specified Dorin Dragutanu. The main components of inflation in 2010 were food prices (2.5 p.p.), regulated prices (2.2 p.p.), oil product prices (1.5 p.p.) – the factors which cannot be controlled by monetary mechanisms.

According to the National Bank Governor, inflationary processes in Moldova in 2011 will become stronger in the third quarter, however, as early as by the beginning of 2012 the inflation rate will start going down.