FX.co ★ Moldova Inflation Hits Over 3-Year High

Moldova’s annual inflation rate accelerated to 10.8% in October 2026 from 8.6% in September, reaching its highest level since June 2023. Services inflation remained the primary driver, rising to 18.1%, mainly due to substantial increases in regulated tariffs for natural gas (+56.2%), thermal energy (+33.7%), passenger transport (+31.6%), and electricity (+23.7%). Food inflation also picked up, with prices up 6.4%, driven by higher costs for vegetables (+15.8%), fruits (+9.2%), wheat flour, bread and vegetable oil (all +6.1%), as well as milk and dairy products (+5.8%). Non-food inflation rose to 9.5%, largely reflecting higher fuel and lubricant prices (+37.4%), including diesel (+82.0%) and gasoline (+46.8%). Price increases were also recorded for footwear, clothing, medicines, and construction materials. On a monthly basis, consumer prices advanced by 2.7% in October, following a 1.7% rise in September.