Inflation Moldova 2004
Average inflation: 12.6%
Current Inflation
Inflation is very high at 12.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 15.4%. The lowest inflation was in September at 10.7%.
- Highest month
- January: 15.4%
- Lowest month
- September: 10.7%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.7% lower than the 5-year average of 14.3%.
- 5-year average
- 14.3%
- 10-year average
- 18.6%
- All-time high (1993)
- 1325.8%
- All-time low (2002)
- 5.3%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- January: +10.3 percentage points
ECB Target
Inflation is 10.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €112.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 15.4% | +10.3 |
| February | 14.4% | +7.0 |
| March | 14.0% | +6.2 |
| April | 13.3% | +5.9 |
| May | 13.3% | +7.1 |
| June | 12.3% | +1.2 |
| July | 11.2% | -3.0 |
| August | 11.3% | -4.1 |
| September | 10.7% | -5.6 |
| October | 10.8% | -6.5 |
| November | 11.5% | -5.7 |
| December | 12.5% | -3.3 |
| Average | 12.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.