The National Bank of Moldova noted that the balance of risks for inflation in the medium term remains tilted toward rising prices, although the situation may change by the end of the forecast horizon. The regulator attributes this to external uncertainty and a number of domestic factors, and a new inflation review with an updated forecast will be published in the coming days.
Annual inflation in Moldova in September 2026 stood at 8.6%, up by 1.64 percentage points, compared to the previous month and, for the second consecutive month, exceeded the upper limit of the NBM's target range (5% ±1.5 percentage points)
Electricity prices for end users in Moldova could rise by up to 15% — ANRE
In Moldova, rates for a number of key services changed significantly in September, particularly in the utilities sector: some rates remained unchanged, while others saw a sharp monthly increase. New statistical data also show mixed trends for electricity, gas, heating, transportation, and healthcare services—the full version of this article compiles all the important details and comparisons.
Annual inflation in Moldova accelerated in September and has remained above the National Bank's target range for the second consecutive month. The most significant price increases were seen in certain categories of goods, fuel, and regulated services, although price trends varied across different segments.
Moldova explained how the gas tariff is calculated and why its increase is primarily due to external market conditions. The Ministry of Energy also highlighted the cost structure within the supply chain and announced measures it is preparing to support the most vulnerable consumers.
In September, Energocom increased its electricity purchases amid new market conditions, with imports continuing to account for the bulk of the volume. The company also notes a change in the structure of its purchases, which affects the weighted average price and highlights the role of peak hours and contracts with regional suppliers.
Moldova and the EU discussed measures to support the population amid persistently high gas prices, including a compensation program for the most vulnerable families. The talks in Brussels also touched on issues of energy security, system resilience, and broader cooperation with the European Union in the areas of internal security and borders.
The state-owned company explained why it was unable to secure the entire volume of gas in advance for the upcoming cold season: the decision was influenced by the repayment schedule for the credit line, the characteristics of the liberalizing market, and the need to synchronize purchases with transportation capacity. Energocom also noted that when planning supplies, it relies on international price indicators and strives to avoid additional costs for consumers.
Moldova plans to complete the technical work required to conclude negotiations on accession to the European Union by early 2028 and to prepare the country for EU membership by 2030, and the new tranche of 157 million euros allocated to it will expand opportunities for financing domestic investments—Vasile Tofan
In Moldova, to lower gas prices, it is necessary to improve the efficiency of the gas distribution system, since "Moldovagaz" and its 12 subsidiaries currently account for about 5 lei in costs per cubic meter on our bill—Ministry of Energy
ANRE stated that when comparing gas prices in Moldova with European prices, one must take into account regulatory mechanisms, compensation, and billing structures; otherwise, conclusions may be distorted. The agency also noted that inaccurate comparisons are circulating on social media that do not reflect the actual logic behind tariff setting and procurement.
The estimated price of gas contracted for October turned out to be lower than the level the regulator had factored into the fourth-quarter rates. Energocom explains that the final figure is determined based on a market formula and the results of procurement procedures; the full version of the report includes the calculation details and the factors that influenced the price.
In Moldova, new, higher natural gas rates for all Energocom customers took effect on October 1
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