Inflation accelerated again in August, moving back above the central bank's target band, while the government advanced a new tax and customs package that could reshape several business segments next year. At the same time, regulators are preparing a broad deregulation push, energy and trade data point to shifting market dynamics, and several corporate and infrastructure developments are set to draw investor attention.
In Moldova, inflation was recorded again in August following two months of falling prices: statistics showed mixed trends in the food sector, non-food goods, and the services sector. The most notable changes occurred in specific categories of goods and rates, indicating a shift in the short-term price trend in the economy.
Annual inflation in Moldova once again exceeded the National Bank's target range in August, halting the recent slowdown. Statistics show a noticeable acceleration in price growth across several major groups of goods and services, although trends in individual segments remain mixed.
With an annual inflation rate of 6.96% in August, Moldova ranked second in terms of the consumer price index among the European and regional countries analyzed by the National Bank of Moldova over the past 12 months.
Moldova's GDP growth in 2026 is expected to be 1.8%, rather than the 2.4% projected when the draft law on the 2026 state budget was being prepared.
In Moldova, public debt service costs will rise significantly in 2026: this revision is related to both domestic and external borrowing. This trend was influenced by changes in interest rates and market conditions, as well as currency revaluation.
Sergiu Padure, Chief Economist at Moldindconbank, answers the questions
The NBM's increase of the base rate from 5% to 7.5% makes government borrowing more expensive, but has had little impact on lending to households so far — Veaceslav Ioniţă
ANRE has put forward for public comment a draft revision of regulated natural gas prices for residential consumers, which could significantly change the cost of gas supplies in the near future. The agency's decision is due to changes in market conditions and rising gas procurement costs; the full version of the article includes details of the proposed adjustment and the supplier's arguments.
The National Bank of Moldova raised its forecast for average annual inflation in 2026 from 7% to 7.2%, and for 2027 from 5.8% to 6.2%
In Moldova, inflation for January–July 2026 stood at 4.65%, compared with 5.15% for the same period a year earlier
In July, trends in consumer prices varied significantly across a number of countries in Europe and the region, ranging from steady growth to deflation. Moldova was among the countries with negative monthly inflation, while in some countries the decline in prices was even more pronounced, making this comparison particularly revealing for assessing regional trends.
The National Bank of Moldova says recent economic indicators point to a stronger pace of growth in the second quarter, supported by broad-based gains in industry, trade, exports and agriculture. At the same time, the central bank has tightened monetary policy, citing resilient consumer demand and financing trends that could keep inflationary pressures elevated in the near term.
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