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Posted by: Mazur Rodica

News / Economic

09 Feb. 2019 / 13:40

The NBM revised the inflation rate forecast for 2019

The National Bank of Moldova (NBM) revised downward the inflation forecast for 2019, from 5.4% to 4.9%. Last November, the institution expected prices to rise by 0.5 percentage points more than previously expected, Moldova 1 reports.

Instead, the forecast for 2020 was increased from 4.9 percent to 5 percent.

The state budget for 2019 was built on an inflation rate of 4.9 percent and an increase in the Gross Domestic Product in real terms of four percent.

The Ministry of Economy and Infrastructure and the International Monetary Fund estimate that the annual average of the consumer price index will be 4.9 percent in 2019 and five percent in 2020. The annual inflation rate in the Republic of Moldova dropped 0.9 percent last year.

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