Inflation Moldova 2024
Average inflation: 4.7%
Current Inflation
Inflation is high at 4.7%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 7.0%. The lowest inflation was in May at 3.3%.
- Highest month
- December: 7.0%
- Lowest month
- May: 3.3%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.2%. The lowest price increase was in Energy with an average of -6.8%.
- Highest increase
- Food: 5.2%
- Lowest increase
- Energy: -6.8%
Historical Context
Current inflation is 6.5% lower than the 5-year average of 11.2%.
- 5-year average
- 11.2%
- 10-year average
- 8.7%
- All-time high (2022)
- 28.6%
- All-time low (2009)
- 0%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +9.3 percentage point.
- Change vs. previous year
- -9.3 percentage points
- Largest monthly swing
- January: -22.7 percentage points
ECB Target
Inflation is 2.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.6% | -22.7 |
| February | 4.3% | -21.6 |
| March | 3.9% | -18.1 |
| April | 3.5% | -14.6 |
| May | 3.3% | -13.0 |
| June | 3.8% | -9.4 |
| July | 4.8% | -6.0 |
| August | 5.1% | -4.6 |
| September | 5.2% | -3.4 |
| October | 5.3% | -1.0 |
| November | 5.4% | -0.1 |
| December | 7.0% | +2.8 |
| Average | 4.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.