OREANDA-NEWS. May 17, 2012. The annual core inflation made up 4,8%, 0,3 p.p down as compared with the previous month. According to the NBM, the monthly inflation rate increased 0,2% in April. This was determined by 0,4% higher prices for nonfoods and 1% higher tariffs for services for population and prices for foods in both cases.

The dynamics of the monthly inflation in April, 2012 is explained mainly by the seasonal increase in foods prices, which was compensated by their decline for potatoes and vegetables due to their overproduction in the region. Regulated prices and tariffs for fuel slightly influenced the April’s inflation. The annual core inflation made up 4,8% in April, 0,3 p.. down as compared with the previous month. Since September, 2011 the core inflation growth rates has slowed down.

This is explained by the moderate growth of external and domestic demands caused by slower increase in incomes by population and ambiguity created by the sovereign debt crisis in the area of Euro. However this trend contributed to the comparatively high rate of Moldovan lei against currencies of Moldova’s key trade partners. The monthly core inflation made up 0,5% in April, 2012. This was determined by higher prices for following subcomponents: building materials, foot wear, knitted cloths, catering services, education. In April, prices for food grew 1% as compared with March.

This includes the increase in prices for the fresh fruit (1,5%), meat, meta products and canned meat (1,3%), fish, fish products and alcohols (0,7%). The increase was partially smoothed by lower prices for eggs (7,4%), potatoes (3,8%), rice (0,8%), fresh vegetables (0,2%). In April, 2012 prices for fuel grew o,2% as compared with March, 2012, including the 0,6% growth in prices for liquefied gas and o,2% increase in prices for combustibles resulted from higher oil products excise and higher prices or them on global markets. Significant growth in prices for natural gas and heat in October and November, caused by new tariffs, gave way to stable prices registered for the last five months.

In April, 2012 they increased o,15 as compared with March. This dynamics is explained by the 1,2% higher tariffs on healthcare services and 0,4% higher tariffs on cargo transportation. At the same time Moldova saw the 1,5% decline in tariffs on air transportation in April, 2012. The National Bank of Moldova stresses it will continue strictly controlling the dynamics of the economy of the state and external economic environment so that by adequate using of monetary policy instruments to maintain stability of prices as the goal set in the Strategy of the mid-term monetary policy.