---
title: "November inflation rate drops to 5.5%"
url: https://moldova1.md/p/21401/november-inflation-rate-drops-to-5-5-
published: 2023-12-11T10:54:05Z
language: en
section: "Economic"
source: moldova1.md
---

# November inflation rate drops to 5.5%

> Moldova's National Bureau of Statistics reports a continued downward trend in inflation, with the annual rate falling to 5.5% in November 2023. This represents a decrease of over 29 percentage points since October 2022, when inflation peaked at 34.6%.

Moldova's National Bureau of Statistics reports a continued downward trend in inflation, with the annual rate falling to 5.5% in November 2023. This represents a decrease of over 29 percentage points since October 2022, when inflation peaked at 34.6%.

![Imagine-simbol](https://storage.moldova1.md/images/bc5d7177-26e5-44aa-b6b9-8cd863140926.jpg)

*Sursa: Imagine-simbol*

**Consumer prices experienced a modest 0.2% increase from October to November.** This reflects a decline in food prices by 5.2%, driven by lower costs for fruits (5.4%), vegetable oil (1.7%), and sugar (1%). However, non-food prices edged up slightly, with increases observed in footwear (3%) and construction materials (1.5%).

**Fuel prices provided welcome relief for consumers, dropping by 6.8% in November.** Diesel prices fell to 21.29 lei per litre, while gasoline dipped to 23.10 lei per litre.

**The government's efforts to provide energy cost compensation resulted in further price reductions.** Natural gas prices from the grid dropped by an estimated 6% in November, while central heating and hot water prices saw a substantial 18% decline.

**These positive developments highlight the potential for further economic stabilisation in Moldova.** The sustained decrease in inflation and the government's proactive measures bode well for a more stable and affordable future for Moldovan citizens.

Translation by **Iurie Tataru**