The Consumer Price Index for the last 12 months was 7% in May, up 0.5% from a month before, the National Bank of Moldova says in a communique, quoted by Info-Prim Neo. The monthly inflation rate was 0.6% and stemmed from the 1.2% rise in the prices of services, the 0.5% increase in the prices of nonfood products, and the 0.1% rise in the prices of food products. The basic yearly inflation for the last 12 months was 3.3% in May, up 0.2% higher compared with April. The monthly basic rate of inflation in May was 0.6% on April. The given developments were mainly determined by rises in the prices of construction materials, public food services and drugs. The central bank anticipated that the inflation rate at the end of this year will be 8%. It will then decrease to the level of 5%, plus-minus 1%, that is projected in the bank's strategy. The economic growth for 2011 is forecast to be 5%, while for 2012-2014 – 4.8%.